Equities research analysts expect that Gibraltar Industries Inc (NASDAQ:ROCK) will post earnings per share of $0.70 for the current quarter, Zacks reports. Two analysts have issued estimates for Gibraltar Industries’ earnings. The highest EPS estimate is $0.71 and the lowest is $0.69. Gibraltar Industries posted earnings of $0.67 per share in the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The firm is expected to announce its next quarterly earnings results on Friday, November 2nd.

According to Zacks, analysts expect that Gibraltar Industries will report full year earnings of $2.08 per share for the current financial year. For the next financial year, analysts forecast that the firm will post earnings of $2.35 per share, with EPS estimates ranging from $2.20 to $2.49. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Thursday, July 26th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.16. The firm had revenue of $266.04 million during the quarter, compared to the consensus estimate of $261.93 million. Gibraltar Industries had a return on equity of 12.37% and a net margin of 7.59%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS.

A number of research firms have recently weighed in on ROCK. BidaskClub raised Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, May 30th. Finally, ValuEngine raised Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $42.00.

Gibraltar Industries stock traded down $0.05 during mid-day trading on Monday, hitting $45.70. The company’s stock had a trading volume of 82,169 shares, compared to its average volume of 208,256. The company has a market cap of $1.48 billion, a P/E ratio of 26.73 and a beta of 1.90. The company has a current ratio of 2.89, a quick ratio of 2.32 and a debt-to-equity ratio of 0.37. Gibraltar Industries has a 52-week low of $27.65 and a 52-week high of $46.60.

Several institutional investors and hedge funds have recently bought and sold shares of ROCK. Global X Management Co. LLC purchased a new stake in shares of Gibraltar Industries during the 1st quarter worth about $260,000. Wedge Capital Management L L P NC raised its stake in shares of Gibraltar Industries by 198.4% during the 1st quarter. Wedge Capital Management L L P NC now owns 413,066 shares of the construction company’s stock worth $13,982,000 after purchasing an additional 274,658 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Gibraltar Industries during the 1st quarter worth about $462,000. Public Employees Retirement Association of Colorado raised its stake in shares of Gibraltar Industries by 2.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 441,324 shares of the construction company’s stock worth $14,939,000 after purchasing an additional 10,500 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Gibraltar Industries by 128.9% during the 1st quarter. Comerica Bank now owns 102,354 shares of the construction company’s stock worth $3,593,000 after purchasing an additional 57,640 shares in the last quarter.

About Gibraltar Industries

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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