Brokerages expect GMS Inc (NYSE:GMS) to announce earnings of $0.71 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for GMS’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.58. GMS reported earnings of $0.56 per share in the same quarter last year, which would suggest a positive year over year growth rate of 26.8%. The firm is expected to issue its next earnings results on Thursday, June 27th.

According to Zacks, analysts expect that GMS will report full year earnings of $2.87 per share for the current financial year, with EPS estimates ranging from $2.70 to $3.06. For the next fiscal year, analysts forecast that the firm will report earnings of $3.13 per share, with EPS estimates ranging from $2.95 to $3.34. Zacks’ EPS averages are a mean average based on a survey of research firms that cover GMS.

GMS (NYSE:GMS) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.13). The company had revenue of $723.90 million during the quarter, compared to analysts’ expectations of $741.43 million. GMS had a net margin of 1.66% and a return on equity of 18.49%. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS.

GMS has been the subject of several recent research reports. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. ValuEngine cut GMS from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $25.44.

Shares of GMS traded up $0.78 during midday trading on Tuesday, hitting $17.31. The company had a trading volume of 480,284 shares, compared to its average volume of 341,565. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.76 and a current ratio of 2.85. The stock has a market capitalization of $702.30 million, a PE ratio of 8.61, a PEG ratio of 0.86 and a beta of 2.33. GMS has a 1 year low of $13.61 and a 1 year high of $32.10.

Several hedge funds and other institutional investors have recently modified their holdings of GMS. BlackRock Inc. boosted its stake in shares of GMS by 2.0% in the fourth quarter. BlackRock Inc. now owns 2,160,644 shares of the company’s stock valued at $32,107,000 after buying an additional 41,335 shares in the last quarter. FMR LLC boosted its position in GMS by 52.8% during the third quarter. FMR LLC now owns 1,733,701 shares of the company’s stock worth $40,222,000 after purchasing an additional 599,001 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in GMS by 8.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,586,258 shares of the company’s stock worth $23,572,000 after purchasing an additional 129,983 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in GMS by 48.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,314,769 shares of the company’s stock worth $19,538,000 after purchasing an additional 428,497 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in GMS by 36.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,038,021 shares of the company’s stock worth $15,425,000 after purchasing an additional 277,581 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Compound Annual Growth Rate (CAGR)

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Earnings History and Estimates for GMS (NYSE:GMS)

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