Wall Street brokerages expect GMS Inc (NYSE:GMS) to report sales of $785.34 million for the current quarter, according to Zacks. Four analysts have made estimates for GMS’s earnings, with estimates ranging from $774.00 million to $807.90 million. GMS posted sales of $635.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.5%. The firm is scheduled to issue its next quarterly earnings report on Thursday, June 27th.

According to Zacks, analysts expect that GMS will report full year sales of $3.12 billion for the current year, with estimates ranging from $3.11 billion to $3.14 billion. For the next year, analysts forecast that the firm will report sales of $3.27 billion, with estimates ranging from $3.23 billion to $3.32 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for GMS.

GMS (NYSE:GMS) last posted its earnings results on Tuesday, March 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.13). GMS had a return on equity of 18.49% and a net margin of 1.66%. The firm had revenue of $723.90 million for the quarter, compared to analyst estimates of $741.43 million. During the same period in the previous year, the company posted $0.47 EPS. GMS’s revenue was up 23.6% on a year-over-year basis.

GMS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. ValuEngine downgraded GMS from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $25.44.

NYSE GMS traded up $0.62 during trading hours on Thursday, hitting $17.88. 304,116 shares of the company were exchanged, compared to its average volume of 538,195. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.85 and a quick ratio of 1.76. GMS has a 52-week low of $13.61 and a 52-week high of $31.93. The company has a market cap of $699.63 million, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.86 and a beta of 2.33.

A number of large investors have recently added to or reduced their stakes in GMS. Renaissance Technologies LLC lifted its position in GMS by 512.5% during the 3rd quarter. Renaissance Technologies LLC now owns 166,000 shares of the company’s stock worth $3,851,000 after acquiring an additional 138,900 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of GMS in the 4th quarter valued at approximately $6,197,000. Frontier Capital Management Co. LLC acquired a new stake in shares of GMS in the 4th quarter valued at approximately $6,749,000. Two Sigma Investments LP lifted its holdings in shares of GMS by 178.0% in the 4th quarter. Two Sigma Investments LP now owns 426,338 shares of the company’s stock valued at $6,335,000 after buying an additional 272,987 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of GMS by 8.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,586,258 shares of the company’s stock valued at $23,572,000 after buying an additional 129,983 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.

GMS Company Profile

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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