Brokerages expect Gibraltar Industries Inc (NASDAQ:ROCK) to announce sales of $245.60 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Gibraltar Industries’ earnings, with the lowest sales estimate coming in at $242.50 million and the highest estimate coming in at $248.70 million. Gibraltar Industries posted sales of $258.11 million in the same quarter last year, which would indicate a negative year over year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Gibraltar Industries will report full-year sales of $1.01 billion for the current financial year, with estimates ranging from $1.00 billion to $1.01 billion. For the next fiscal year, analysts expect that the business will report sales of $1.05 billion, with estimates ranging from $1.04 billion to $1.07 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Thursday, November 1st. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $280.10 million during the quarter, compared to analysts’ expectations of $287.93 million. Gibraltar Industries had a return on equity of 12.23% and a net margin of 7.44%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share.

Several equities research analysts recently weighed in on ROCK shares. ValuEngine upgraded Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. BidaskClub upgraded Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Finally, Zacks Investment Research upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Gibraltar Industries by 1.1% in the third quarter. Vanguard Group Inc. now owns 1,838,349 shares of the construction company’s stock valued at $83,829,000 after buying an additional 20,899 shares during the last quarter. Morgan Stanley lifted its stake in Gibraltar Industries by 40.0% in the third quarter. Morgan Stanley now owns 99,662 shares of the construction company’s stock valued at $4,544,000 after buying an additional 28,452 shares during the last quarter. Legal & General Group Plc lifted its stake in Gibraltar Industries by 8.1% in the third quarter. Legal & General Group Plc now owns 74,205 shares of the construction company’s stock valued at $3,389,000 after buying an additional 5,585 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Gibraltar Industries in the third quarter valued at approximately $229,000. Finally, MetLife Investment Advisors LLC lifted its stake in Gibraltar Industries by 54.8% in the third quarter. MetLife Investment Advisors LLC now owns 22,998 shares of the construction company’s stock valued at $1,049,000 after buying an additional 8,142 shares during the last quarter.

ROCK stock traded down $0.51 during trading on Wednesday, hitting $36.07. 370,426 shares of the company’s stock were exchanged, compared to its average volume of 147,120. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 21.09 and a beta of 1.88. Gibraltar Industries has a 52-week low of $29.50 and a 52-week high of $49.10. The company has a quick ratio of 2.27, a current ratio of 2.78 and a debt-to-equity ratio of 0.36.

Gibraltar Industries Company Profile

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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