Gibraltar Industries (NASDAQ:ROCK) Issues Quarterly Earnings Results

Gibraltar Industries (NASDAQ:ROCK) announced its earnings results on Wednesday. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01, RTT News reports. The company had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 earnings per share. Gibraltar Industries updated its FY24 guidance to $4.11-4.25 EPS.

Gibraltar Industries Price Performance

NASDAQ:ROCK traded down $0.54 on Friday, reaching $66.95. The stock had a trading volume of 278,280 shares, compared to its average volume of 162,753. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 18.60 and a beta of 1.14. Gibraltar Industries has a 12-month low of $61.92 and a 12-month high of $87.40. The firm’s fifty day moving average is $68.37 and its two-hundred day moving average is $70.29.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd.

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.