Wall Street brokerages expect Gibraltar Industries Inc (NASDAQ:ROCK) to report sales of $223.00 million for the current quarter, Zacks reports. Two analysts have provided estimates for Gibraltar Industries’ earnings. Gibraltar Industries posted sales of $215.34 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The firm is scheduled to issue its next quarterly earnings results on Friday, May 3rd.

On average, analysts expect that Gibraltar Industries will report full-year sales of $1.05 billion for the current year. For the next financial year, analysts expect that the company will post sales of $1.08 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Thursday, February 21st. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Gibraltar Industries had a return on equity of 12.23% and a net margin of 6.37%. The business had revenue of $240.91 million for the quarter, compared to analyst estimates of $244.45 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year.

Several equities analysts have weighed in on ROCK shares. BidaskClub raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. ValuEngine raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Friday, December 21st. Sidoti started coverage on Gibraltar Industries in a research note on Tuesday, January 8th. They issued a “neutral” rating and a $40.00 target price on the stock. Finally, Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, January 2nd.

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Gibraltar Industries by 5.0% in the fourth quarter. BlackRock Inc. now owns 4,740,593 shares of the construction company’s stock worth $168,719,000 after acquiring an additional 227,411 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Gibraltar Industries by 3.6% in the third quarter. Franklin Resources Inc. now owns 2,934,520 shares of the construction company’s stock worth $133,814,000 after acquiring an additional 102,400 shares in the last quarter. FMR LLC increased its holdings in shares of Gibraltar Industries by 9.9% in the third quarter. FMR LLC now owns 1,978,636 shares of the construction company’s stock worth $90,225,000 after acquiring an additional 178,791 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Gibraltar Industries by 1.1% in the third quarter. Vanguard Group Inc. now owns 1,838,349 shares of the construction company’s stock worth $83,829,000 after acquiring an additional 20,899 shares in the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of Gibraltar Industries by 1.1% in the third quarter. Vanguard Group Inc now owns 1,838,349 shares of the construction company’s stock worth $83,829,000 after acquiring an additional 20,899 shares in the last quarter.

NASDAQ:ROCK traded up $0.69 during mid-day trading on Friday, hitting $40.40. The company had a trading volume of 214 shares, compared to its average volume of 156,500. Gibraltar Industries has a fifty-two week low of $31.96 and a fifty-two week high of $49.10. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 18.54 and a beta of 1.53.

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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