Equities research analysts expect that GMS Inc. (NYSE:GMS) will post $662.36 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for GMS’s earnings. The lowest sales estimate is $656.40 million and the highest is $668.66 million. GMS reported sales of $591.85 million in the same quarter last year, which indicates a positive year over year growth rate of 11.9%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, December 12th.

According to Zacks, analysts expect that GMS will report full year sales of $662.36 million for the current financial year, with estimates ranging from $2.57 billion to $2.61 billion. For the next fiscal year, analysts expect that the business will report sales of $2.78 billion per share, with estimates ranging from $2.72 billion to $2.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow GMS.

GMS (NYSE:GMS) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The firm had revenue of $642.20 million during the quarter, compared to analysts’ expectations of $645.19 million. During the same period in the prior year, the business posted $0.46 EPS. The firm’s quarterly revenue was up 16.8% on a year-over-year basis.

A number of analysts have recently commented on the company. SunTrust Banks, Inc. restated a “buy” rating and issued a $40.00 target price on shares of GMS in a research note on Friday, November 10th. Zacks Investment Research downgraded GMS from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Wells Fargo & Company began coverage on GMS in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $39.00 price target on shares of GMS in a report on Tuesday, October 10th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 price target on shares of GMS in a report on Monday, October 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. GMS presently has an average rating of “Buy” and an average price target of $37.38.

In related news, insider Lynn Ross sold 1,894 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $34.77, for a total value of $65,854.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $34.73, for a total value of $434,125.00. Following the transaction, the chief executive officer now directly owns 528,418 shares in the company, valued at approximately $18,351,957.14. The disclosure for this sale can be found here. Insiders have sold a total of 26,894 shares of company stock worth $931,479 in the last quarter. 5.90% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its holdings in GMS by 213.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after purchasing an additional 1,923 shares in the last quarter. American International Group Inc. lifted its position in shares of GMS by 7.0% during the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock worth $153,000 after purchasing an additional 288 shares during the last quarter. Legal & General Group Plc lifted its position in shares of GMS by 403.2% during the second quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock worth $160,000 after purchasing an additional 4,504 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of GMS during the third quarter worth about $170,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in GMS by 386.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock worth $182,000 after acquiring an additional 4,123 shares during the last quarter. Institutional investors and hedge funds own 54.21% of the company’s stock.

GMS (GMS) opened at $35.35 on Wednesday. The company has a quick ratio of 1.82, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1,450.00 and a PE ratio of 20.02. GMS has a 1-year low of $24.72 and a 1-year high of $36.99.

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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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Earnings History and Estimates for GMS (NYSE:GMS)

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