$232.65 Million in Sales Expected for Gibraltar Industries Inc (ROCK) This Quarter
Equities analysts predict that Gibraltar Industries Inc (NASDAQ:ROCK) will post sales of $232.65 million for the current quarter, according to Zacks. Two analysts have made estimates for Gibraltar Industries’ earnings. The lowest sales estimate is $231.10 million and the highest is $234.20 million. Gibraltar Industries reported sales of $231.84 million in the same quarter last year, which indicates a positive year over year growth rate of 0.3%. The company is scheduled to announce its next quarterly earnings report on Friday, February 16th.
On average, analysts expect that Gibraltar Industries will report full year sales of $232.65 million for the current year, with estimates ranging from $960.10 million to $963.00 million. For the next financial year, analysts forecast that the business will post sales of $1.00 billion per share, with estimates ranging from $993.60 million to $1.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.11. The firm had revenue of $274.57 million for the quarter, compared to analyst estimates of $275.80 million. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share.
A number of brokerages have recently issued reports on ROCK. BidaskClub lowered shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. KeyCorp reiterated a “buy” rating and set a $39.00 target price on shares of Gibraltar Industries in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, November 7th. Finally, TheStreet upgraded shares of Gibraltar Industries from a “c” rating to a “b-” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.00.
Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of Gibraltar Industries in the second quarter valued at about $147,000. SG Americas Securities LLC bought a new position in Gibraltar Industries during the third quarter worth about $157,000. Profund Advisors LLC increased its position in Gibraltar Industries by 9.1% during the second quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after acquiring an additional 480 shares during the period. Aperio Group LLC increased its position in Gibraltar Industries by 1.4% during the second quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock worth $257,000 after acquiring an additional 101 shares during the period. Finally, Petrus Trust Company LTA bought a new position in Gibraltar Industries during the second quarter worth about $305,000.
Gibraltar Industries (ROCK) traded down $0.30 during trading hours on Monday, reaching $32.10. 169,100 shares of the company’s stock were exchanged, compared to its average volume of 249,452. The firm has a market capitalization of $1,010.00, a price-to-earnings ratio of 34.52 and a beta of 1.77. Gibraltar Industries has a 52-week low of $25.61 and a 52-week high of $45.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.93 and a current ratio of 2.36.
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About Gibraltar Industries
Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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