Gibraltar Industries (NASDAQ:ROCK) Releases Earnings Results, Beats Expectations By $0.01 EPS

Gibraltar Industries (NASDAQ:ROCK) released its quarterly earnings data on Wednesday. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01, RTT News reports. The firm had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $360.43 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. Gibraltar Industries’s revenue was down 7.6% compared to the same quarter last year. During the same period last year, the business earned $1.38 earnings per share. Gibraltar Industries updated its FY24 guidance to $4.11-4.25 EPS.

Gibraltar Industries Stock Down 1.1 %

Shares of Gibraltar Industries stock opened at $65.00 on Wednesday. The firm has a market cap of $1.98 billion, a PE ratio of 17.24 and a beta of 1.14. Gibraltar Industries has a 52 week low of $59.95 and a 52 week high of $87.40. The business’s fifty day simple moving average is $68.36 and its 200-day simple moving average is $70.37.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.