GMS Inc (GMS) Expected to Announce Earnings of $0.39 Per Share
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.
TRADEMARK VIOLATION WARNING: “GMS Inc (GMS) Expected to Announce Earnings of $0.39 Per Share” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.watchlistnews.com/gms-inc-gms-expected-to-announce-earnings-of-0-39-per-share/1807128.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with Analyst Ratings Network's FREE daily email newsletter.