Gibraltar Industries (NASDAQ:ROCK) Announces Earnings Results, Beats Estimates By $0.04 EPS

Gibraltar Industries (NASDAQ:ROCK) issued its quarterly earnings data on Wednesday. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04, Briefing.com reports. The firm had revenue of $292.51 million during the quarter, compared to analysts’ expectations of $296.29 million. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. Gibraltar Industries updated its FY24 guidance to $4.57-4.82 EPS and its FY 2024 guidance to 4.570-4.820 EPS.

Gibraltar Industries Stock Performance

ROCK traded up $2.39 during trading on Thursday, reaching $71.25. 119,825 shares of the stock were exchanged, compared to its average volume of 173,676. The stock has a market cap of $2.17 billion, a P/E ratio of 19.18 and a beta of 1.20. Gibraltar Industries has a twelve month low of $50.12 and a twelve month high of $87.40. The stock’s 50 day moving average price is $75.87 and its two-hundred day moving average price is $74.81.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday.

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.