FY2016 EPS Estimates for Gibraltar Industries Inc. Reduced by Seaport Global Securities (ROCK)
Gibraltar Industries Inc. (NASDAQ:ROCK) – Stock analysts at Seaport Global Securities cut their FY2016 earnings per share (EPS) estimates for Gibraltar Industries in a research report issued to clients and investors on Tuesday. Seaport Global Securities analyst W. Liptak now expects that the brokerage will post earnings per share of $1.46 for the year, down from their previous forecast of $1.47. Seaport Global Securities also issued estimates for Gibraltar Industries’ Q1 2017 earnings at $0.28 EPS.
ROCK has been the subject of several other reports. Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Thursday, June 30th. Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Gibraltar Industries in a research report on Thursday, July 28th.
Shares of Gibraltar Industries (NASDAQ:ROCK) opened at 37.44 on Thursday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 31.97 and a beta of 2.25. Gibraltar Industries has a 12-month low of $18.23 and a 12-month high of $40.00. The firm has a 50-day moving average of $37.46 and a 200 day moving average of $32.87.
Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The company had revenue of $263.10 million for the quarter, compared to analyst estimates of $271.27 million. Gibraltar Industries had a net margin of 3.44% and a return on equity of 11.17%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share.
Large investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA bought a new stake in shares of Gibraltar Industries during the first quarter valued at about $529,000. Teachers Advisors Inc. raised its stake in shares of Gibraltar Industries by 11.3% in the first quarter. Teachers Advisors Inc. now owns 54,152 shares of the company’s stock valued at $1,549,000 after buying an additional 5,478 shares during the period. Prudential Financial Inc. raised its stake in shares of Gibraltar Industries by 2.8% in the first quarter. Prudential Financial Inc. now owns 72,785 shares of the company’s stock valued at $2,082,000 after buying an additional 2,000 shares during the period. BlackRock Group LTD raised its stake in shares of Gibraltar Industries by 10.2% in the first quarter. BlackRock Group LTD now owns 60,825 shares of the company’s stock valued at $1,739,000 after buying an additional 5,630 shares during the period. Finally, BlackRock Fund Advisors raised its stake in shares of Gibraltar Industries by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,936,617 shares of the company’s stock valued at $55,387,000 after buying an additional 10,763 shares during the period. 98.24% of the stock is currently owned by institutional investors.
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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
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