Brokerages expect GMS Inc (NYSE:GMS) to announce $740.21 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for GMS’s earnings. The lowest sales estimate is $725.84 million and the highest is $754.00 million. GMS reported sales of $585.51 million in the same quarter last year, which indicates a positive year-over-year growth rate of 26.4%. The firm is scheduled to announce its next earnings results on Tuesday, March 5th.

According to Zacks, analysts expect that GMS will report full-year sales of $3.17 billion for the current financial year, with estimates ranging from $3.14 billion to $3.21 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.38 billion, with estimates ranging from $3.35 billion to $3.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for GMS.

GMS (NYSE:GMS) last issued its quarterly earnings data on Tuesday, December 4th. The company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.06). The company had revenue of $833.80 million during the quarter, compared to the consensus estimate of $830.54 million. GMS had a net margin of 2.23% and a return on equity of 17.74%. GMS’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share.

Several equities analysts have recently weighed in on the stock. SunTrust Banks dropped their price objective on shares of GMS to $26.00 and set a “buy” rating on the stock in a research report on Thursday. They noted that the move was a valuation call. Royal Bank of Canada set a $25.00 price objective on shares of GMS and gave the company a “buy” rating in a research report on Thursday. Nomura increased their price objective on shares of GMS from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Raymond James increased their price objective on shares of GMS from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Finally, Barclays set a $25.00 price objective on shares of GMS and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $32.10.

Shares of GMS traded up $0.97 during trading hours on Friday, hitting $18.20. The company had a trading volume of 2,640,674 shares, compared to its average volume of 436,658. The firm has a market capitalization of $708.82 million, a PE ratio of 9.05, a PEG ratio of 0.75 and a beta of 2.17. GMS has a 12 month low of $14.89 and a 12 month high of $39.98. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.08 and a quick ratio of 1.93.

In other GMS news, Director John J. Gavin purchased 4,150 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were acquired at an average cost of $24.13 per share, with a total value of $100,139.50. Following the completion of the transaction, the director now owns 16,966 shares in the company, valued at $409,389.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Strs Ohio increased its position in GMS by 9.7% during the second quarter. Strs Ohio now owns 26,100 shares of the company’s stock worth $707,000 after acquiring an additional 2,300 shares during the period. Jupiter Asset Management Ltd. increased its position in GMS by 2.1% during the third quarter. Jupiter Asset Management Ltd. now owns 162,664 shares of the company’s stock worth $3,772,000 after acquiring an additional 3,361 shares during the period. Emerald Advisers Inc. PA grew its stake in GMS by 22.0% during the third quarter. Emerald Advisers Inc. PA now owns 21,154 shares of the company’s stock worth $491,000 after buying an additional 3,816 shares in the last quarter. California Public Employees Retirement System grew its stake in GMS by 54.7% during the second quarter. California Public Employees Retirement System now owns 12,063 shares of the company’s stock worth $327,000 after buying an additional 4,263 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in GMS by 0.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 983,380 shares of the company’s stock worth $26,640,000 after buying an additional 4,675 shares in the last quarter. 74.69% 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.

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Earnings History and Estimates for GMS (NYSE:GMS)

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