Brokers Set Expectations for Gibraltar Industries Inc’s Q2 2019 Earnings (ROCK)

Gibraltar Industries Inc (NASDAQ:ROCK) – Analysts at KeyCorp decreased their Q2 2019 EPS estimates for shares of Gibraltar Industries in a report issued on Sunday, May 5th, according to Zacks Investment Research. KeyCorp analyst K. Zener now anticipates that the construction company will post earnings of $0.76 per share for the quarter, down from their previous forecast of $0.80. KeyCorp also issued estimates for Gibraltar Industries’ Q3 2019 earnings at $0.89 EPS and FY2020 earnings at $2.68 EPS.

A number of other brokerages have also recently commented on ROCK. Zacks Investment Research cut Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th. BidaskClub raised Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Friday, April 19th.

Shares of Gibraltar Industries stock opened at $37.51 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.89 and a debt-to-equity ratio of 0.04. Gibraltar Industries has a 12 month low of $31.96 and a 12 month high of $49.10. The firm has a market cap of $1.20 billion, a P/E ratio of 17.53 and a beta of 1.48.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Friday, May 3rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Gibraltar Industries had a return on equity of 12.04% and a net margin of 6.09%. The company had revenue of $227.40 million for the quarter, compared to analyst estimates of $221.73 million. During the same period last year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis.

Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Gibraltar Industries by 32.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,185 shares of the construction company’s stock worth $89,000 after acquiring an additional 533 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Gibraltar Industries by 99.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,849 shares of the construction company’s stock worth $173,000 after acquiring an additional 2,418 shares in the last quarter. AQR Capital Management LLC bought a new position in Gibraltar Industries during the third quarter worth about $229,000. Whittier Trust Co. bought a new position in Gibraltar Industries during the fourth quarter worth about $187,000. Finally, Everence Capital Management Inc. bought a new position in Gibraltar Industries during the first quarter worth about $246,000.

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.

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

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