Somewhat Positive Press Coverage Unlikely to Affect Gibraltar Industries (NASDAQ:ROCK) Stock Price
News coverage about Gibraltar Industries (NASDAQ:ROCK) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gibraltar Industries earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 36 out of 100, meaning that recent press coverage is unlikely to have an impact on the company’s share price in the near future.
ROCK has been the topic of a number of analyst reports. KeyCorp restated an “overweight” rating and set a $19.00 target price (down previously from $49.00) on shares of Gibraltar Industries in a research report on Thursday, May 11th. Zacks Investment Research raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Monday, March 20th. Finally, BidaskClub raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.00.
Gibraltar Industries (NASDAQ ROCK) traded up 0.15% during trading on Friday, hitting $33.40. 351,557 shares of the stock traded hands. The company has a 50-day moving average price of $33.21 and a 200-day moving average price of $39.01. The stock has a market cap of $1.05 billion, a PE ratio of 37.53 and a beta of 1.86. Gibraltar Industries has a 12 month low of $30.40 and a 12 month high of $48.05.
Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Friday, May 5th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. Gibraltar Industries had a net margin of 2.77% and a return on equity of 10.49%. The company had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $209.88 million. During the same quarter last year, the firm earned $0.32 EPS. Gibraltar Industries’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities research analysts expect that Gibraltar Industries will post $1.63 EPS for the current year.
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About Gibraltar Industries
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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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