$227.30 Million in Sales Expected for Gibraltar Industries Inc (NASDAQ:ROCK) This Quarter

Wall Street analysts expect Gibraltar Industries Inc (NASDAQ:ROCK) to report $227.30 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Gibraltar Industries’ earnings, with the lowest sales estimate coming in at $215.00 million and the highest estimate coming in at $239.60 million. Gibraltar Industries posted sales of $262.66 million in the same quarter last year, which would indicate a negative year over year growth rate of 13.5%. The company is scheduled to issue its next quarterly earnings report on Friday, July 24th.

According to Zacks, analysts expect that Gibraltar Industries will report full-year sales of $1.07 billion for the current year, with estimates ranging from $1.04 billion to $1.11 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.15 billion, with estimates ranging from $1.12 billion to $1.19 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, May 6th. The construction company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. The company had revenue of $249.40 million during the quarter, compared to the consensus estimate of $252.03 million. Gibraltar Industries had a return on equity of 13.74% and a net margin of 6.62%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS.

ROCK has been the subject of several analyst reports. BidaskClub upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 29th. Sidoti upgraded Gibraltar Industries from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Monday, March 23rd. ValuEngine downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, April 1st. Finally, KeyCorp cut their target price on Gibraltar Industries from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.67.

Shares of ROCK stock traded up $2.41 on Monday, hitting $47.40. 177,406 shares of the stock were exchanged, compared to its average volume of 237,893. Gibraltar Industries has a one year low of $30.60 and a one year high of $56.58. The firm’s 50 day moving average is $44.68 and its two-hundred day moving average is $47.90. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.46 billion, a PE ratio of 20.73 and a beta of 1.32.

Several large investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Gibraltar Industries by 0.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,421,953 shares of the construction company’s stock valued at $71,723,000 after acquiring an additional 8,597 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Gibraltar Industries by 12.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,371,948 shares of the construction company’s stock valued at $58,884,000 after acquiring an additional 150,785 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Gibraltar Industries by 3.3% during the 1st quarter. Nuveen Asset Management LLC now owns 1,068,744 shares of the construction company’s stock valued at $45,870,000 after buying an additional 34,032 shares in the last quarter. State Street Corp raised its holdings in shares of Gibraltar Industries by 7.5% during the 1st quarter. State Street Corp now owns 1,010,562 shares of the construction company’s stock valued at $43,373,000 after buying an additional 70,464 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC raised its holdings in shares of Gibraltar Industries by 93.3% during the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 875,490 shares of the construction company’s stock valued at $37,576,000 after buying an additional 422,525 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

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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