Equities analysts expect GMS Inc (NYSE:GMS) to post $598.91 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for GMS’s earnings, with the highest sales estimate coming in at $600.97 million and the lowest estimate coming in at $597.00 million. GMS posted sales of $562.52 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.5%. The firm is scheduled to issue its next earnings report on Thursday, March 8th.
On average, analysts expect that GMS will report full year sales of $598.91 million for the current year, with estimates ranging from $2.54 billion to $2.58 billion. For the next financial year, analysts anticipate that the company will post sales of $2.75 billion per share, with estimates ranging from $2.70 billion to $2.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for GMS.
GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $648.00 million for the quarter, compared to the consensus estimate of $662.03 million. GMS had a return on equity of 13.41% and a net margin of 2.78%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share.
A number of research firms recently issued reports on GMS. Barclays set a $46.00 price objective on GMS and gave the stock a “buy” rating in a report on Sunday, January 7th. Wells Fargo & Co began coverage on GMS in a report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 price objective for the company. Zacks Investment Research downgraded GMS from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Royal Bank of Canada restated a “buy” rating and issued a $39.00 price target on shares of GMS in a research note on Tuesday, October 10th. Finally, Robert W. Baird restated a “buy” rating and issued a $37.00 price target on shares of GMS in a research note on Monday, October 9th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $40.00.
In other news, major shareholder Investors Lp Aea sold 4,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.05, for a total value of $171,225,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $37.14, for a total value of $464,250.00. Following the completion of the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $19,625,444.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,200,782 shares of company stock valued at $197,703,205. Corporate insiders own 5.90% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its position in shares of GMS by 213.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after buying an additional 1,923 shares during the last quarter. Legal & General Group Plc lifted its position in shares of GMS by 403.2% in the second quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock valued at $160,000 after buying an additional 4,504 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of GMS in the third quarter valued at approximately $170,000. Victory Capital Management Inc. acquired a new stake in shares of GMS in the third quarter valued at approximately $182,000. Finally, California Public Employees Retirement System acquired a new stake in shares of GMS in the third quarter valued at approximately $234,000. 59.25% of the stock is owned by institutional investors.
GMS (GMS) opened at $38.40 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1,560.00 and a PE ratio of 28.87. GMS has a fifty-two week low of $27.20 and a fifty-two week high of $39.98.
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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