Equities Analysts Set Expectations for Gibraltar Industries, Inc.’s FY2024 Earnings (NASDAQ:ROCK)

Gibraltar Industries, Inc. (NASDAQ:ROCK) – Analysts at Seaport Res Ptn increased their FY2024 earnings per share estimates for Gibraltar Industries in a research note issued on Thursday, May 2nd. Seaport Res Ptn analyst W. Liptak now forecasts that the construction company will post earnings of $4.79 per share for the year, up from their prior estimate of $4.73. The consensus estimate for Gibraltar Industries’ current full-year earnings is $4.79 per share. Seaport Res Ptn also issued estimates for Gibraltar Industries’ Q4 2024 earnings at $1.17 EPS, Q1 2025 earnings at $0.91 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.74 EPS, Q4 2025 earnings at $1.31 EPS and FY2025 earnings at $5.41 EPS.

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, April 29th.

Gibraltar Industries Price Performance

Shares of NASDAQ ROCK opened at $73.12 on Monday. Gibraltar Industries has a 1-year low of $51.36 and a 1-year high of $87.40. The business’s fifty day moving average price is $75.57 and its two-hundred day moving average price is $75.17. The firm has a market capitalization of $2.23 billion, a PE ratio of 19.66 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $292.51 million during the quarter, compared to the consensus estimate of $296.29 million. Gibraltar Industries had a return on equity of 14.39% and a net margin of 8.31%. Gibraltar Industries’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share.

Hedge Funds Weigh In On Gibraltar Industries

A number of hedge funds and other institutional investors have recently modified their holdings of ROCK. Millburn Ridgefield Corp acquired a new stake in Gibraltar Industries during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new stake in Gibraltar Industries during the 3rd quarter worth about $28,000. Covestor Ltd boosted its position in Gibraltar Industries by 13,540.0% during the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock worth $46,000 after acquiring an additional 677 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Gibraltar Industries by 26.3% during the 4th quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after purchasing an additional 139 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Gibraltar Industries during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

About Gibraltar Industries

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.