Gibraltar Industries (NASDAQ:ROCK – Get Rating) released its quarterly earnings results on Wednesday. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.16, Briefing.com reports. The business had revenue of $366.90 million during the quarter, compared to the consensus estimate of $364.43 million. Gibraltar Industries had a return on equity of 12.07% and a net margin of 5.88%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. Gibraltar Industries updated its FY22 guidance to $3.20-3.40 EPS and its FY 2022 guidance to $3.20-$3.40 EPS.
Gibraltar Industries Price Performance
ROCK stock opened at $44.15 on Friday. The company has a market capitalization of $1.40 billion, a P/E ratio of 17.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.74. Gibraltar Industries has a 52-week low of $36.86 and a 52-week high of $79.40. The business has a 50-day simple moving average of $42.20 and a two-hundred day simple moving average of $44.56.
Insider Buying and Selling at Gibraltar Industries
In related news, Director Linda Kristine Myers purchased 1,600 shares of the business’s stock in a transaction on Friday, May 20th. The stock was acquired at an average price of $38.16 per share, for a total transaction of $61,056.00. Following the purchase, the director now owns 12,683 shares of the company’s stock, valued at $483,983.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.40% of the company’s stock.
Hedge Funds Weigh In On Gibraltar Industries
About Gibraltar Industries
Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. 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.
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