StockNews.com downgraded shares of Gibraltar Industries (NASDAQ:ROCK – Free Report) from a strong-buy rating to a buy rating in a report issued on Tuesday.
Gibraltar Industries Price Performance
NASDAQ ROCK opened at $65.33 on Tuesday. Gibraltar Industries has a 1-year low of $59.66 and a 1-year high of $87.40. The firm has a market capitalization of $1.99 billion, a P/E ratio of 17.56 and a beta of 1.14. The business’s 50-day simple moving average is $68.36 and its 200-day simple moving average is $70.58.
Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The business had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. During the same period last year, the firm earned $1.18 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, equities research analysts expect that Gibraltar Industries will post 4.18 EPS for the current fiscal year.
Institutional Inflows and Outflows
Gibraltar Industries Company Profile
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.
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