Gibraltar Industries (NASDAQ:ROCK) Issues 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 the consensus estimate of $1.26 by $0.01, RTT News reports. The company had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $360.43 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 EPS. Gibraltar Industries updated its FY24 guidance to $4.11-4.25 EPS.

Gibraltar Industries Price Performance

ROCK stock opened at $65.00 on Wednesday. Gibraltar Industries has a 1 year low of $59.95 and a 1 year high of $87.40. The firm has a market capitalization of $1.98 billion, a PE ratio of 17.24 and a beta of 1.14. The business has a 50 day simple moving average of $68.36 and a 200-day simple moving average of $70.37.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report 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.