Wall Street analysts forecast that GMS Inc (NYSE:GMS) will report earnings of $0.82 per share for the current quarter, Zacks reports. Five analysts have made estimates for GMS’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.89. GMS also posted earnings per share of $0.82 in the same quarter last year. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, August 29th.

According to Zacks, analysts expect that GMS will report full-year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.15. For the next financial year, analysts forecast that the company will report earnings of $3.41 per share, with EPS estimates ranging from $3.16 to $3.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover GMS.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, June 27th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.03). GMS had a return on equity of 18.94% and a net margin of 1.80%. The firm had revenue of $780.10 million for the quarter, compared to the consensus estimate of $784.40 million. During the same period in the prior year, the company posted $0.56 earnings per share. GMS’s quarterly revenue was up 22.7% on a year-over-year basis.

A number of brokerages have weighed in on GMS. TheStreet raised shares of GMS from a “d+” rating to a “c-” rating in a report on Thursday, May 2nd. Zacks Investment Research downgraded shares of GMS from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Nomura reissued a “neutral” rating and issued a $20.00 price target (down from $27.00) on shares of GMS in a report on Thursday, May 16th. Finally, Royal Bank of Canada set a $23.00 price target on shares of GMS and gave the company a “buy” rating in a report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. GMS currently has an average rating of “Hold” and an average price target of $24.22.

GMS stock traded up $0.54 during mid-day trading on Thursday, reaching $22.36. The company had a trading volume of 18,787 shares, compared to its average volume of 346,296. The company has a current ratio of 2.24, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. GMS has a 52 week low of $13.61 and a 52 week high of $28.47. The stock’s 50 day simple moving average is $22.13. The stock has a market cap of $894.30 million, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.04 and a beta of 2.40.

In other GMS news, CEO G Michael Callahan, Jr. sold 28,950 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $22.61, for a total value of $654,559.50. Following the completion of the sale, the chief executive officer now directly owns 428,314 shares of the company’s stock, valued at approximately $9,684,179.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.90% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of GMS by 69.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,735 shares of the company’s stock valued at $26,000 after buying an additional 714 shares in the last quarter. Royce & Associates LP acquired a new stake in shares of GMS during the 1st quarter worth about $36,000. Glen Harbor Capital Management LLC acquired a new stake in shares of GMS during the 2nd quarter worth about $70,000. Bank of Montreal Can increased its position in shares of GMS by 419.9% during the 2nd quarter. Bank of Montreal Can now owns 3,296 shares of the company’s stock worth $73,000 after purchasing an additional 2,662 shares in the last quarter. Finally, Riverhead Capital Management LLC acquired a new stake in shares of GMS during the 2nd quarter worth about $77,000. Institutional investors own 72.05% of the company’s stock.

About GMS

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.

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Earnings History and Estimates for GMS (NYSE:GMS)

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