FY2016 EPS Estimates for Gibraltar Industries Inc. Reduced by Seaport Global Securities (ROCK)
Gibraltar Industries Inc. (NASDAQ:ROCK) – Equities researchers at Seaport Global Securities cut their FY2016 earnings estimates for Gibraltar Industries in a research note issued to investors on Tuesday. Seaport Global Securities analyst W. Liptak now expects that the brokerage will earn $1.46 per share for the year, down from their previous estimate of $1.47. Seaport Global Securities also issued estimates for Gibraltar Industries’ Q1 2017 earnings at $0.28 EPS.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. The business earned $263.10 million during the quarter, compared to the consensus estimate of $271.27 million. Gibraltar Industries had a return on equity of 11.17% and a net margin of 3.44%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Thursday. Wedbush reissued an “outperform” rating and set a $38.00 price target (up previously from $33.00) on shares of Gibraltar Industries in a research report on Friday, July 15th.
Shares of Gibraltar Industries (NASDAQ:ROCK) opened at 37.44 on Thursday. Gibraltar Industries has a 1-year low of $18.23 and a 1-year high of $40.00. The company has a market capitalization of $1.18 billion, a P/E ratio of 31.97 and a beta of 2.25. The firm’s 50 day moving average price is $37.46 and its 200-day moving average price is $32.87.
Several large investors have recently modified their holdings of the company. MSI Financial Services Inc boosted its stake in shares of Gibraltar Industries by 1,815.3% in the third quarter. MSI Financial Services Inc now owns 2,873 shares of the company’s stock worth $107,000 after buying an additional 2,723 shares during the period. PineBridge Investments L.P. boosted its stake in shares of Gibraltar Industries by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,772 shares of the company’s stock worth $119,000 after buying an additional 140 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Gibraltar Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,119 shares of the company’s stock worth $130,000 after buying an additional 499 shares during the period. KBC Group NV bought a new stake in shares of Gibraltar Industries during the second quarter worth $137,000. Finally, BlackRock Inc. boosted its stake in shares of Gibraltar Industries by 120.5% in the second quarter. BlackRock Inc. now owns 4,911 shares of the company’s stock worth $155,000 after buying an additional 2,684 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.
Gibraltar Industries Company Profile
Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
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