Zacks: Analysts Anticipate GMS Inc (GMS) Will Post Earnings of $0.65 Per Share

Equities analysts expect GMS Inc (NYSE:GMS) to post earnings of $0.65 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for GMS’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.55. GMS posted earnings per share of $0.48 in the same quarter last year, which would indicate a positive year over year growth rate of 35.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, July 5th.

On average, analysts expect that GMS will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.08. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.72 per share, with EPS estimates ranging from $2.19 to $2.97. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow GMS.

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GMS (NYSE:GMS) last issued its quarterly earnings data on Tuesday, March 6th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.22). GMS had a net margin of 2.70% and a return on equity of 12.75%. The firm had revenue of $585.60 million during the quarter, compared to analysts’ expectations of $602.08 million. During the same quarter in the prior year, the firm posted $0.32 EPS. GMS’s quarterly revenue was up 4.1% compared to the same quarter last year.

GMS has been the subject of several analyst reports. Zacks Investment Research cut GMS from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. ValuEngine cut GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Royal Bank of Canada restated a “buy” rating and set a $46.00 price target on shares of GMS in a research note on Friday, December 8th. Barclays set a $43.00 price target on GMS and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, SunTrust Banks upped their price target on GMS to $45.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $39.09.

Shares of GMS (GMS) traded down $0.80 during midday trading on Tuesday, reaching $32.65. The company’s stock had a trading volume of 391,579 shares, compared to its average volume of 364,403. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.80 and a current ratio of 2.91. GMS has a one year low of $27.20 and a one year high of $39.98. The stock has a market capitalization of $1,383.97, a PE ratio of 20.41, a P/E/G ratio of 2.41 and a beta of 1.70.

In other GMS news, insider G Michael Callahan, Jr. sold 33,333 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $37.79, for a total value of $1,259,654.07. Following the completion of the transaction, the insider now owns 495,085 shares in the company, valued at $18,709,262.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $37.14, for a total value of $464,250.00. Following the completion of the transaction, the chief executive officer now owns 528,418 shares of the company’s stock, valued at approximately $19,625,444.52. The disclosure for this sale can be found here. Insiders have sold 137,499 shares of company stock valued at $4,775,257 in the last 90 days. Company insiders own 5.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GMS. State Street Corp raised its position in GMS by 220.3% in the second quarter. State Street Corp now owns 397,752 shares of the company’s stock worth $11,179,000 after acquiring an additional 273,558 shares in the last quarter. California State Teachers Retirement System raised its position in GMS by 197.6% in the second quarter. California State Teachers Retirement System now owns 41,717 shares of the company’s stock worth $1,172,000 after acquiring an additional 27,700 shares in the last quarter. First Trust Advisors LP purchased a new position in GMS in the third quarter worth $611,000. Victory Capital Management Inc. purchased a new position in GMS in the third quarter worth $182,000. Finally, Principal Financial Group Inc. raised its position in GMS by 16.8% in the third quarter. Principal Financial Group Inc. now owns 539,541 shares of the company’s stock worth $19,100,000 after acquiring an additional 77,779 shares in the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.

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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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