GMS Inc (GMS) Expected to Announce Earnings of $0.40 Per Share

Equities research analysts expect GMS Inc (NYSE:GMS) to post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for GMS’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.36. GMS reported earnings of $0.32 per share in the same quarter last year, which indicates a positive year over year growth rate of 25%. The firm is expected to announce its next earnings report on Thursday, March 8th.

On average, analysts expect that GMS will report full-year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.95 to $2.04. For the next year, analysts forecast that the business will post earnings of $2.43 per share, with EPS estimates ranging from $2.19 to $2.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow GMS.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). GMS had a net margin of 2.26% and a return on equity of 14.24%. The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $662.03 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of GMS from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Royal Bank of Canada restated a “buy” rating and issued a $46.00 price target on shares of GMS in a research note on Friday, December 8th. Barclays set a $46.00 price target on shares of GMS and gave the company a “buy” rating in a research note on Sunday, January 7th. ValuEngine downgraded shares of GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, SunTrust Banks reiterated a “buy” rating and set a $40.00 target price on shares of GMS in a research report on Friday, November 10th. Four research 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 target price of $40.00.

In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $35.30, for a total transaction of $441,250.00. Following the sale, the chief executive officer now directly owns 528,418 shares in the company, valued at approximately $18,653,155.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider G Michael Callahan, Jr. sold 33,333 shares of GMS stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.17, for a total transaction of $1,072,322.61. Following the sale, the insider now owns 461,752 shares in the company, valued at $14,854,561.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,267,448 shares of company stock worth $200,063,931. 5.90% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in GMS by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 217,089 shares of the company’s stock worth $7,688,000 after purchasing an additional 10,328 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in GMS by 18.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 162,625 shares of the company’s stock worth $5,757,000 after purchasing an additional 25,309 shares during the last quarter. SG Capital Management LLC bought a new position in GMS during the 4th quarter worth approximately $6,089,000. Koch Industries Inc. bought a new position in GMS during the 2nd quarter worth approximately $324,000. Finally, IndexIQ Advisors LLC raised its holdings in GMS by 83.3% during the 3rd quarter. IndexIQ Advisors LLC now owns 24,737 shares of the company’s stock worth $876,000 after purchasing an additional 11,239 shares during the last quarter. Hedge funds and other institutional investors own 60.16% of the company’s stock.

GMS (NYSE:GMS) traded down $0.68 on Wednesday, hitting $31.67. 385,434 shares of the stock were exchanged, compared to its average volume of 319,101. GMS has a one year low of $27.20 and a one year high of $39.98. 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 firm has a market cap of $1,300.00 and a P/E ratio of 23.81.

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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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