Gibraltar Industries (NASDAQ:ROCK) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

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Gibraltar Industries (NASDAQ:ROCK) issued its quarterly earnings results on Friday. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09, Briefing.com reports. The company had revenue of $299.20 million for the quarter, compared to the consensus estimate of $290.20 million. Gibraltar Industries had a return on equity of 11.80% and a net margin of 5.82%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. Gibraltar Industries updated its Q4 guidance to $0.52-0.59 EPS.

ROCK stock traded up $6.35 during trading on Friday, reaching $51.42. 1,010,500 shares of the stock were exchanged, compared to its average volume of 193,409. The company has a current ratio of 1.92, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $44.97 and a 200-day simple moving average of $40.92. Gibraltar Industries has a twelve month low of $31.96 and a twelve month high of $53.97. The company has a market capitalization of $1.45 billion, a P/E ratio of 24.03 and a beta of 1.50.

A number of equities research analysts recently weighed in on ROCK shares. BidaskClub downgraded Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th. ValuEngine downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a research report on Monday, October 21st.

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.

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Earnings History for Gibraltar Industries (NASDAQ:ROCK)

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