Brokerages Anticipate Gibraltar Industries Inc (ROCK) to Post $0.20 EPS
Wall Street analysts forecast that Gibraltar Industries Inc (NASDAQ:ROCK) will post $0.20 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Gibraltar Industries’ earnings. The lowest EPS estimate is $0.19 and the highest is $0.21. Gibraltar Industries reported earnings of $0.24 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.7%. The business is scheduled to report its next quarterly earnings report before the market opens on Friday, May 5th.
On average, analysts expect that Gibraltar Industries will report full-year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.81. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.04 per share, with EPS estimates ranging from $1.95 to $2.22. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Friday, February 17th. The construction company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Gibraltar Industries had a net margin of 3.56% and a return on equity of 11.20%. The business had revenue of $231.90 million for the quarter, compared to analysts’ expectations of $228.50 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was down 17.8% compared to the same quarter last year.
Several brokerages have recently commented on ROCK. Zacks Investment Research upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. TheStreet downgraded shares of Gibraltar Industries from a “b” rating to a “c+” rating in a report on Friday, February 17th. Finally, Wedbush reduced their price target on shares of Gibraltar Industries from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st.
A number of hedge funds have recently made changes to their positions in ROCK. Catalyst Capital Advisors LLC bought a new stake in shares of Gibraltar Industries during the third quarter worth about $130,000. Pacad Investment Ltd. bought a new stake in shares of Gibraltar Industries during the fourth quarter worth about $142,000. GW&K Investment Management LLC bought a new stake in shares of Gibraltar Industries during the first quarter worth about $209,000. TD Asset Management Inc. bought a new stake in shares of Gibraltar Industries during the third quarter worth about $215,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Gibraltar Industries by 4,153.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,317 shares of the construction company’s stock worth $221,000 after buying an additional 5,192 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.
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Shares of Gibraltar Industries (NASDAQ:ROCK) opened at 37.20 on Thursday. Gibraltar Industries has a one year low of $24.12 and a one year high of $48.05. The company has a market cap of $1.17 billion, a PE ratio of 35.46 and a beta of 2.03. The firm’s 50-day moving average is $39.95 and its 200-day moving average is $41.34.
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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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