Analysts expect GMS Inc (NYSE:GMS) to report $0.39 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for GMS’s earnings, with estimates ranging from $0.36 to $0.41. GMS reported earnings per share of $0.32 during the same quarter last year, which suggests a positive year over year growth rate of 21.9%. The firm is expected to issue its next quarterly earnings report on Thursday, March 8th.
According to Zacks, analysts expect that GMS will report full-year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.16. For the next fiscal year, analysts expect that the business will report 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 research analysts that cover GMS.
GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing the 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 return on equity of 14.24% and a net margin of 2.26%. GMS’s revenue 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.
A number of equities research analysts have recently issued reports on GMS shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $39.00 target price on shares of GMS in a report on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 target price on shares of GMS in a report on Monday, October 9th. Zacks Investment Research raised shares of GMS from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Wednesday, November 1st. Barclays set a $46.00 target price on shares of GMS and gave the stock a “buy” rating in a report on Sunday, January 7th. Finally, SunTrust Banks upped their target price on shares of GMS to $45.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $40.00.
In other news, Chairman Richard K. Mueller sold 500,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.05, for a total transaction of $19,025,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $37.14, for a total transaction of $464,250.00. Following the transaction, the chief executive officer now directly owns 528,418 shares in the company, valued at approximately $19,625,444.52. The disclosure for this sale can be found here. Insiders have sold 5,200,782 shares of company stock valued at $197,703,205 in the last ninety days. Insiders own 5.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its position in shares of GMS by 213.7% during the 3rd 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 last quarter. California State Teachers Retirement System boosted its position in shares of GMS by 5.5% during the 3rd quarter. California State Teachers Retirement System now owns 44,004 shares of the company’s stock valued at $1,558,000 after acquiring an additional 2,287 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in shares of GMS by 0.4% during the 3rd quarter. Emerald Advisers Inc. PA now owns 819,787 shares of the company’s stock valued at $29,020,000 after acquiring an additional 3,530 shares during the last quarter. American International Group Inc. boosted its position in shares of GMS by 25.0% during the 3rd quarter. American International Group Inc. now owns 18,270 shares of the company’s stock valued at $647,000 after acquiring an additional 3,656 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in 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 buying an additional 4,504 shares during the last quarter. 59.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GMS (NYSE GMS) traded up $0.40 during midday trading on Thursday, reaching $38.40. 483,165 shares of the company traded hands, compared to its average volume of 317,506. The stock has a market cap of $1,575.59, a price-to-earnings ratio of 28.87, a PEG ratio of 2.73 and a beta of 3.21. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.70 and a current ratio of 2.62. GMS has a 12 month low of $27.20 and a 12 month high of $39.98.
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GMS Company Profile
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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