Gibraltar Industries Inc. (ROCK) Shares Down 1.7%
Gibraltar Industries Inc. (NASDAQ:ROCK) shares were down 1.7% during trading on Friday . The company traded as low as $37.94 and last traded at $37.98, with a volume of 65,505 shares trading hands. The stock had previously closed at $38.65.
Several analysts recently issued reports on the company. Zacks Investment Research cut Gibraltar Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Wedbush restated an “outperform” rating and issued a $38.00 target price (up from $33.00) on shares of Gibraltar Industries in a report on Friday, July 15th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.80.
The company has a market cap of $1.21 billion and a P/E ratio of 32.80. The firm’s 50 day moving average price is $37.16 and its 200-day moving average price is $30.49.
Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business had revenue of $263.10 million for the quarter, compared to analysts’ expectations of $271.27 million. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that Gibraltar Industries Inc. will post $1.45 EPS for the current fiscal year.
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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.