GMS Inc. (NYSE:GMS) Expected to Announce Earnings of $1.87 Per Share

Analysts predict that GMS Inc. (NYSE:GMSGet Rating) will post $1.87 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for GMS’s earnings, with the lowest EPS estimate coming in at $1.86 and the highest estimate coming in at $1.87. GMS posted earnings per share of $1.07 during the same quarter last year, which indicates a positive year-over-year growth rate of 74.8%. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that GMS will report full year earnings of $7.27 per share for the current financial year, with EPS estimates ranging from $7.26 to $7.28. For the next fiscal year, analysts expect that the firm will report earnings of $7.19 per share, with EPS estimates ranging from $6.51 to $8.04. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover GMS.

GMS (NYSE:GMSGet Rating) last posted its earnings results on Thursday, March 3rd. The company reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. GMS had a return on equity of 31.14% and a net margin of 5.39%. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share.

Several equities analysts have recently weighed in on GMS shares. Loop Capital began coverage on GMS in a research report on Thursday, March 17th. They issued a “buy” rating and a $62.00 price target for the company. Zacks Investment Research lowered GMS from a “buy” rating to a “hold” rating in a research note on Friday, April 22nd. Finally, StockNews.com began coverage on GMS in a research note on Thursday, March 31st. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, GMS has an average rating of “Buy” and a consensus target price of $62.88.

Shares of NYSE GMS opened at $48.50 on Thursday. The stock has a market cap of $2.09 billion, a PE ratio of 9.24 and a beta of 1.87. GMS has a fifty-two week low of $40.03 and a fifty-two week high of $61.79. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.37 and a current ratio of 2.37. The stock has a fifty day moving average of $50.65 and a 200-day moving average of $53.33.

In other news, major shareholder Coliseum Capital Management, L bought 36,713 shares of GMS stock in a transaction on Monday, March 21st. The shares were purchased at an average price of $54.39 per share, for a total transaction of $1,996,820.07. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 217,049 shares of company stock worth $10,608,665 in the last quarter. Company insiders own 1.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Jackson Creek Investment Advisors LLC bought a new position in GMS in the 1st quarter valued at approximately $1,001,000. Mutual of America Capital Management LLC lifted its position in GMS by 5.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 6,204 shares of the company’s stock valued at $309,000 after acquiring an additional 309 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of GMS during the 1st quarter valued at $168,000. Summit Global Investments bought a new position in shares of GMS during the 1st quarter valued at $1,090,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of GMS by 14.7% in the 1st quarter. GHP Investment Advisors Inc. now owns 47,718 shares of the company’s stock worth $2,375,000 after purchasing an additional 6,122 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

About GMS (Get Rating)

GMS Inc distributes wallboards, suspended ceilings systems, and complementary building products in the United States and Canada. The company offers 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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