Analysts expect that GMS Inc (NYSE:GMS) will post $0.96 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for GMS’s earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.93. GMS reported earnings per share of $0.51 during the same quarter last year, which would suggest a positive year-over-year growth rate of 88.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, December 6th.
On average, analysts expect that GMS will report full-year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.21 to $3.35. For the next financial year, analysts expect that the company will post earnings of $3.74 per share, with EPS estimates ranging from $3.50 to $3.98. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for GMS.
GMS (NYSE:GMS) last released its earnings results on Thursday, August 30th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.09. GMS had a return on equity of 15.18% and a net margin of 2.13%. The business had revenue of $778.10 million during the quarter, compared to the consensus estimate of $768.61 million. During the same period last year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis.
GMS has been the subject of a number of recent research reports. Zacks Investment Research raised GMS from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research report on Wednesday, July 4th. Royal Bank of Canada set a $36.00 target price on GMS and gave the stock a “buy” rating in a research report on Friday, June 29th. TheStreet downgraded GMS from a “b-” rating to a “c” rating in a research report on Thursday, June 28th. Raymond James raised GMS from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research report on Friday, June 29th. Finally, ValuEngine downgraded GMS from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $36.55.
NYSE:GMS opened at $19.43 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.08 and a quick ratio of 1.93. GMS has a 1 year low of $19.10 and a 1 year high of $39.98. The firm has a market capitalization of $954.42 million, a price-to-earnings ratio of 9.67, a PEG ratio of 1.01 and a beta of 1.26.
In related news, insider Lynn Ross purchased 2,061 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was purchased at an average cost of $24.26 per share, with a total value of $49,999.86. Following the completion of the acquisition, the insider now directly owns 2,061 shares of the company’s stock, valued at $49,999.86. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John J. Gavin purchased 4,150 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was bought at an average cost of $24.13 per share, with a total value of $100,139.50. Following the completion of the acquisition, the director now directly owns 16,966 shares of the company’s stock, valued at $409,389.58. The disclosure for this purchase can be found here. Insiders bought 9,211 shares of company stock valued at $222,559 over the last ninety days. Corporate insiders own 4.90% of the company’s stock.
A number of large investors have recently bought and sold shares of GMS. American Century Companies Inc. boosted its stake in GMS by 448.5% during the second quarter. American Century Companies Inc. now owns 445,247 shares of the company’s stock valued at $12,062,000 after buying an additional 364,076 shares during the period. Millennium Management LLC boosted its stake in GMS by 28.9% during the first quarter. Millennium Management LLC now owns 1,540,256 shares of the company’s stock valued at $47,070,000 after buying an additional 345,121 shares during the period. BlackRock Inc. boosted its stake in GMS by 13.7% during the second quarter. BlackRock Inc. now owns 2,176,031 shares of the company’s stock valued at $58,949,000 after buying an additional 262,423 shares during the period. Dimensional Fund Advisors LP boosted its stake in GMS by 33.8% during the second quarter. Dimensional Fund Advisors LP now owns 891,608 shares of the company’s stock valued at $24,151,000 after buying an additional 225,233 shares during the period. Finally, Davidson Kempner Capital Management LP boosted its stake in GMS by 116.7% during the second quarter. Davidson Kempner Capital Management LP now owns 325,000 shares of the company’s stock valued at $8,804,000 after buying an additional 175,000 shares during the period. 75.72% of the stock is owned by institutional investors.
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.
Read More: Call Option
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.