Analysts predict that GMS Inc (NYSE:GMS) will post earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for GMS’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.36. GMS posted earnings per share of $0.32 during the same quarter last year, which would indicate a positive year over year growth rate of 21.9%. The company is expected to announce its next earnings results on Thursday, March 8th.

On average, analysts expect that GMS will report full year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.95 to $2.16. For the next financial year, analysts anticipate that the firm will post earnings of $2.43 per share, with EPS estimates ranging from $2.19 to $2.80. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for GMS.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $662.03 million. GMS had a net margin of 2.26% and a return on equity of 14.24%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share.

Several equities analysts have commented on the stock. Robert W. Baird reiterated a “buy” rating and issued a $37.00 price target on shares of GMS in a research note on Monday, October 9th. Wells Fargo & Co assumed coverage on shares of GMS in a research note on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 price target on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $39.00 price target on shares of GMS in a research note on Tuesday, October 10th. Barclays set a $43.00 price target on shares of GMS and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, SunTrust Banks increased their price target on shares of GMS to $45.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. GMS currently has a consensus rating of “Buy” and an average price target of $40.00.

Shares of GMS (NYSE GMS) traded up $0.40 during trading on Thursday, reaching $38.40. 483,165 shares of the company’s stock traded hands, compared to its average volume of 317,506. The stock has a market capitalization of $1,575.59, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.73 and a beta of 3.21. GMS has a one year low of $27.20 and a one year high of $39.98. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.62 and a quick ratio of 1.70.

In other news, major shareholder Investors Lp Aea sold 4,500,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.05, for a total value of $171,225,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J David Smith acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average cost of $37.58 per share, with a total value of $37,580.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $75,160. The disclosure for this purchase can be found here. Insiders sold 5,200,782 shares of company stock valued at $197,703,205 over the last three months. Corporate insiders own 5.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its holdings in shares of GMS by 213.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after acquiring an additional 1,923 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of GMS in the third quarter valued at approximately $170,000. Victory Capital Management Inc. acquired a new stake in shares of GMS in the third quarter valued at approximately $182,000. Legal & General Group Plc boosted its holdings in shares of GMS by 403.2% in the second quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock valued at $160,000 after acquiring an additional 4,504 shares during the period. Finally, California Public Employees Retirement System acquired a new stake in shares of GMS in the third quarter valued at approximately $234,000. 59.25% of the stock is owned by institutional investors and hedge funds.

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About GMS

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

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Earnings History and Estimates for GMS (NYSE:GMS)

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