Gibraltar Industries (ROCK) Issues FY19 Earnings Guidance

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Gibraltar Industries (NASDAQ:ROCK) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.40-2.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.40. The company issued revenue guidance of above $1 billion, compared to the consensus revenue estimate of $1.05 billion.Gibraltar Industries also updated its FY 2019 guidance to $2.40-2.55 EPS.

Several analysts have recently commented on the company. BidaskClub raised Gibraltar Industries from a strong sell rating to a sell rating in a report on Thursday, November 22nd. Zacks Investment Research downgraded Gibraltar Industries from a hold rating to a sell rating in a research report on Wednesday, December 12th. Finally, ValuEngine downgraded Gibraltar Industries from a hold rating to a sell rating in a research report on Thursday, November 1st.

Shares of NASDAQ:ROCK opened at $39.14 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.78 and a quick ratio of 2.27. Gibraltar Industries has a 12 month low of $31.15 and a 12 month high of $49.10. The company has a market cap of $1.25 billion, a P/E ratio of 22.89 and a beta of 1.48.

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About Gibraltar Industries

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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