Gibraltar Industries, Inc. (NASDAQ:ROCK) Expected to Announce Earnings of $0.90 Per Share

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Wall Street analysts expect that Gibraltar Industries, Inc. (NASDAQ:ROCK) will post $0.90 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gibraltar Industries’ earnings. The highest EPS estimate is $0.94 and the lowest is $0.86. Gibraltar Industries reported earnings per share of $0.84 during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The company is expected to announce its next earnings report before the market opens on Tuesday, August 3rd.

According to Zacks, analysts expect that Gibraltar Industries will report full-year earnings of $3.41 per share for the current financial year, with EPS estimates ranging from $3.36 to $3.46. For the next fiscal year, analysts anticipate that the business will post earnings of $3.93 per share, with EPS estimates ranging from $3.85 to $4.01. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, May 5th. The construction company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $287.60 million during the quarter, compared to analyst estimates of $274.75 million. Gibraltar Industries had a return on equity of 13.46% and a net margin of 5.59%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS.

Separately, Zacks Investment Research upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating and set a $97.00 price target on the stock in a report on Tuesday, May 4th.

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In other news, Director Linda Kristine Myers purchased 962 shares of the business’s stock in a transaction on Thursday, May 20th. The shares were acquired at an average cost of $77.71 per share, with a total value of $74,757.02. Following the completion of the acquisition, the director now owns 3,122 shares of the company’s stock, valued at $242,610.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Gibraltar Industries by 2.6% during the first quarter. BlackRock Inc. now owns 5,331,129 shares of the construction company’s stock worth $487,854,000 after acquiring an additional 135,944 shares during the last quarter. Swiss National Bank boosted its stake in Gibraltar Industries by 1.1% in the 1st quarter. Swiss National Bank now owns 74,300 shares of the construction company’s stock worth $6,799,000 after purchasing an additional 800 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in Gibraltar Industries during the 1st quarter worth approximately $15,227,000. Russell Investments Group Ltd. acquired a new position in Gibraltar Industries during the 1st quarter valued at approximately $294,000. Finally, Royce & Associates LP increased its stake in Gibraltar Industries by 11.1% during the 1st quarter. Royce & Associates LP now owns 316,997 shares of the construction company’s stock valued at $29,008,000 after purchasing an additional 31,740 shares in the last quarter. Institutional investors own 99.66% of the company’s stock.

ROCK opened at $72.64 on Wednesday. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 36.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 0.95. The company has a 50-day moving average of $76.42. Gibraltar Industries has a 1 year low of $50.43 and a 1 year high of $103.02.

About Gibraltar Industries

Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, conservation, residential, and infrastructure markets in North America and Asia. It operates through three segments: Renewable Energy and Conservation, Residential Products, and Infrastructure Products.

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Earnings History and Estimates for Gibraltar Industries (NASDAQ:ROCK)

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