Zacks: Analysts Expect Gibraltar Industries Inc (ROCK) Will Announce Quarterly Sales of $286.90 Million

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Analysts forecast that Gibraltar Industries Inc (NASDAQ:ROCK) will announce sales of $286.90 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Gibraltar Industries’ earnings, with the highest sales estimate coming in at $291.00 million and the lowest estimate coming in at $282.80 million. Gibraltar Industries posted sales of $274.57 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The firm is expected to issue its next earnings report on Friday, November 2nd.

On average, analysts expect that Gibraltar Industries will report full year sales of $1.03 billion for the current financial year. For the next financial year, analysts expect that the firm will report sales of $1.07 billion per share, with estimates ranging from $1.06 billion to $1.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Thursday, July 26th. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.55 by $0.16. The company had revenue of $266.04 million during the quarter, compared to analyst estimates of $261.93 million. Gibraltar Industries had a net margin of 7.59% and a return on equity of 12.37%. Gibraltar Industries’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share.

ROCK has been the subject of several recent analyst reports. BidaskClub lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 23rd. Zacks Investment Research raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, May 30th. Finally, ValuEngine raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $42.00.

NASDAQ ROCK traded down $0.25 on Friday, hitting $43.35. 54,639 shares of the stock were exchanged, compared to its average volume of 206,353. The company has a quick ratio of 2.32, a current ratio of 2.89 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 21.27 and a beta of 1.90. Gibraltar Industries has a 52-week low of $25.61 and a 52-week high of $44.95.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Silvercrest Asset Management Group LLC purchased a new stake in shares of Gibraltar Industries during the first quarter valued at $46,757,000. Nuveen Asset Management LLC boosted its stake in shares of Gibraltar Industries by 139.8% during the first quarter. Nuveen Asset Management LLC now owns 1,296,809 shares of the construction company’s stock valued at $43,897,000 after purchasing an additional 756,035 shares during the period. FMR LLC boosted its stake in shares of Gibraltar Industries by 46.8% during the second quarter. FMR LLC now owns 1,799,845 shares of the construction company’s stock valued at $67,495,000 after purchasing an additional 573,750 shares during the period. American Century Companies Inc. purchased a new stake in shares of Gibraltar Industries during the first quarter valued at $16,573,000. Finally, Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Gibraltar Industries during the second quarter valued at $18,306,000.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

Further Reading: What is a Leveraged Buyout (LBO)?

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Earnings History and Estimates for Gibraltar Industries (NASDAQ:ROCK)

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