Zacks: Brokerages Expect GMS Inc (GMS) to Post $0.39 Earnings Per Share

Analysts expect GMS Inc (NYSE:GMS) to announce earnings of $0.39 per share for the current quarter, Zacks reports. Five analysts have provided estimates for GMS’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.41. GMS posted earnings of $0.32 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.9%. The business is scheduled to report its next earnings results 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 financial year, analysts forecast that the firm will report earnings of $2.43 per share, with EPS estimates ranging from $2.19 to $2.80. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for 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). GMS had a return on equity of 14.24% and a net margin of 2.26%. The business had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. During the same quarter last year, the firm posted $0.49 earnings per share. GMS’s revenue was up 9.5% compared to the same quarter last year.

GMS has been the topic of several research reports. SunTrust Banks boosted their price target on shares of GMS to $45.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Royal Bank of Canada restated a “buy” rating and set a $46.00 price objective on shares of GMS in a report on Friday, December 8th. Zacks Investment Research downgraded GMS from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine downgraded GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Barclays set a $43.00 price objective on GMS and gave the stock a “buy” rating in a report on Friday, December 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. GMS presently has a consensus rating of “Buy” and an average price target of $40.00.

In other GMS news, major shareholder Investors Lp Aea sold 4,500,000 shares of GMS stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.05, for a total transaction of $171,225,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $35.30, for a total value of $441,250.00. Following the transaction, the chief executive officer now directly owns 528,418 shares in the company, valued at approximately $18,653,155.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,267,448 shares of company stock worth $200,063,931. Corporate insiders own 5.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GMS. Citadel Advisors LLC grew its stake in GMS by 141.4% during the 4th quarter. Citadel Advisors LLC now owns 974,060 shares of the company’s stock valued at $36,664,000 after acquiring an additional 570,485 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in GMS during the 3rd quarter valued at about $16,433,000. Davidson Kempner Capital Management LP purchased a new position in GMS during the 3rd quarter valued at about $15,930,000. Copper Rock Capital Partners LLC grew its stake in GMS by 47.4% during the 4th quarter. Copper Rock Capital Partners LLC now owns 1,165,143 shares of the company’s stock valued at $43,798,000 after acquiring an additional 374,438 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in GMS by 17.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock valued at $64,976,000 after acquiring an additional 339,051 shares in the last quarter. 60.16% of the stock is currently owned by institutional investors.

Shares of GMS (GMS) traded down $0.30 during trading on Wednesday, reaching $32.29. 204,261 shares of the company’s stock traded hands, compared to its average volume of 318,537. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.06. GMS has a 12-month low of $27.20 and a 12-month high of $39.98. The company has a market capitalization of $1,334.32, a PE ratio of 24.28, a PEG ratio of 2.31 and a beta of 1.42.

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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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