Brokerages expect that Gibraltar Industries Inc (NASDAQ:ROCK) will report $0.40 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Gibraltar Industries’ earnings. Gibraltar Industries posted earnings of $0.41 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Gibraltar Industries will report full year earnings of $2.07 per share for the current financial year. For the next fiscal year, analysts forecast that the company will report earnings of $2.33 per share, with EPS estimates ranging from $2.20 to $2.45. 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, November 1st. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Gibraltar Industries had a net margin of 7.44% and a return on equity of 12.23%. The firm had revenue of $280.10 million for the quarter, compared to analysts’ expectations of $287.93 million. During the same period last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis.

ROCK has been the topic of a number of recent research reports. BidaskClub cut shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 2nd. ValuEngine raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Finally, Zacks Investment Research cut shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th.

ROCK stock traded down $1.16 during midday trading on Friday, reaching $33.53. The company’s stock had a trading volume of 98,572 shares, compared to its average volume of 219,996. Gibraltar Industries has a 52 week low of $29.50 and a 52 week high of $49.10. The stock has a market cap of $1.14 billion, a PE ratio of 19.61 and a beta of 1.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.27 and a current ratio of 2.78.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Gibraltar Industries by 93.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,900 shares of the construction company’s stock worth $109,000 after purchasing an additional 1,400 shares in the last quarter. Sawtooth Solutions LLC bought a new position in shares of Gibraltar Industries during the third quarter worth $208,000. Crossmark Global Holdings Inc. bought a new position in shares of Gibraltar Industries during the third quarter worth $227,000. O Shaughnessy Asset Management LLC bought a new position in shares of Gibraltar Industries during the third quarter worth $275,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Gibraltar Industries during the second quarter worth $252,000.

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

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