Analysts expect GMS Inc (NYSE:GMS) to post $598.91 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for GMS’s earnings. The highest sales estimate is $600.97 million and the lowest is $597.00 million. GMS posted sales of $562.52 million during the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The company is expected to issue its next quarterly earnings results on Thursday, March 8th.

According to Zacks, analysts expect that GMS will report full-year sales of $598.91 million for the current year, with estimates ranging from $2.54 billion to $2.58 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.75 billion per share, with estimates ranging from $2.70 billion to $2.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover GMS.

GMS (NYSE:GMS) last issued its quarterly earnings data 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 business had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $662.03 million. GMS had a return on equity of 14.24% and a net margin of 2.26%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS.

GMS has been the subject of a number of recent research reports. Robert W. Baird restated a “buy” rating and issued a $37.00 target price on shares of GMS in a research report on Monday, October 9th. Royal Bank of Canada restated a “buy” rating and issued a $39.00 target price on shares of GMS in a research report on Tuesday, October 10th. Wells Fargo & Co initiated coverage on GMS in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 target price for the company. Zacks Investment Research upgraded GMS from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Wednesday, November 1st. Finally, SunTrust Banks restated a “buy” rating and issued a $40.00 target price on shares of GMS in a research report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $40.00.

In other GMS news, insider G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $36.82, for a total value of $460,250.00. Following the completion of the sale, the insider now owns 495,085 shares in the company, valued at $18,229,029.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Investors Lp Aea sold 4,500,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.05, for a total value of $171,225,000.00. The disclosure for this sale can be found here. Insiders sold a total of 5,234,115 shares of company stock valued at $198,991,609 in the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Mutual of America Capital Management LLC lifted its position in GMS by 5.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 100,446 shares of the company’s stock valued at $3,781,000 after purchasing an additional 5,625 shares during the last quarter. SG Capital Management LLC bought a new stake in GMS in the fourth quarter valued at approximately $6,089,000. SG Americas Securities LLC bought a new stake in GMS in the fourth quarter valued at approximately $129,000. Strs Ohio lifted its position in GMS by 48.8% in the fourth quarter. Strs Ohio now owns 23,800 shares of the company’s stock valued at $895,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Reinhart Partners Inc. bought a new stake in GMS in the fourth quarter valued at approximately $2,192,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

GMS (NYSE GMS) traded down $0.42 during trading hours on Tuesday, reaching $33.73. The company had a trading volume of 318,763 shares, compared to its average volume of 309,564. The company has a market cap of $1,406.54 and a P/E ratio of 25.36. GMS has a one year low of $27.20 and a one year high of $39.98. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06.

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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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