Analysts Anticipate Gibraltar Industries Inc (NASDAQ:ROCK) Will Post Quarterly Sales of $256.10 Million

Equities research analysts expect Gibraltar Industries Inc (NASDAQ:ROCK) to report sales of $256.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Gibraltar Industries’ earnings. The lowest sales estimate is $255.90 million and the highest is $256.30 million. Gibraltar Industries reported sales of $240.91 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Gibraltar Industries will report full-year sales of $1.05 billion for the current year. For the next year, analysts expect that the business will report sales of $1.09 billion, with estimates ranging from $1.08 billion to $1.09 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Friday, October 25th. The construction company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a return on equity of 12.74% and a net margin of 6.20%. The company had revenue of $299.20 million for the quarter, compared to the consensus estimate of $290.20 million. During the same period last year, the business posted $0.71 EPS. The company’s revenue was up 6.8% on a year-over-year basis.

ROCK has been the subject of several recent analyst reports. BidaskClub cut Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Friday, November 8th. ValuEngine raised Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Sunday, October 27th.

Shares of ROCK traded up $0.30 during mid-day trading on Friday, hitting $52.65. The company’s stock had a trading volume of 205,907 shares, compared to its average volume of 177,988. The company has a current ratio of 1.81, a quick ratio of 1.46 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $50.99 and a 200 day simple moving average of $43.38. The firm has a market capitalization of $1.69 billion, a P/E ratio of 24.60 and a beta of 1.50. Gibraltar Industries has a 1-year low of $31.96 and a 1-year high of $55.15.

Several institutional investors and hedge funds have recently bought and sold shares of ROCK. Mason Street Advisors LLC raised its holdings in Gibraltar Industries by 1.8% during the third quarter. Mason Street Advisors LLC now owns 10,942 shares of the construction company’s stock worth $503,000 after purchasing an additional 193 shares during the last quarter. Aperio Group LLC raised its holdings in Gibraltar Industries by 3.1% during the second quarter. Aperio Group LLC now owns 11,169 shares of the construction company’s stock worth $451,000 after purchasing an additional 336 shares during the last quarter. Arizona State Retirement System raised its holdings in Gibraltar Industries by 0.9% during the second quarter. Arizona State Retirement System now owns 49,954 shares of the construction company’s stock worth $2,016,000 after purchasing an additional 449 shares during the last quarter. Systematic Financial Management LP raised its holdings in Gibraltar Industries by 0.6% during the third quarter. Systematic Financial Management LP now owns 98,350 shares of the construction company’s stock worth $4,518,000 after purchasing an additional 550 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in Gibraltar Industries by 1.2% during the third quarter. California State Teachers Retirement System now owns 50,303 shares of the construction company’s stock worth $2,311,000 after purchasing an additional 601 shares during the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

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.

Read More: How is a management fee different from a performance fee?

Get a free copy of the Zacks research report on Gibraltar Industries (ROCK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Gibraltar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries and related companies with MarketBeat.com's FREE daily email newsletter.