Brokerages Expect GMS Inc (GMS) to Post $0.71 EPS

Wall Street analysts expect that GMS Inc (NYSE:GMS) will post $0.71 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for GMS’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.58. GMS reported earnings of $0.56 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 26.8%. The business is expected to report its next earnings report on Thursday, June 27th.

According to Zacks, analysts expect that GMS will report full-year earnings of $2.84 per share for the current year, with EPS estimates ranging from $2.70 to $2.91. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.13 per share, with EPS estimates ranging from $2.95 to $3.34. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover GMS.

GMS (NYSE:GMS) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.13). GMS had a net margin of 1.66% and a return on equity of 18.49%. The business had revenue of $723.90 million during the quarter, compared to analyst estimates of $741.43 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis.



Several equities research analysts have commented on the stock. TheStreet raised shares of GMS from a “d+” rating to a “c-” rating in a research note on Thursday, May 2nd. ValuEngine downgraded shares of GMS from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of GMS from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $25.44.

NYSE GMS traded up $0.46 during trading hours on Thursday, hitting $18.85. The company’s stock had a trading volume of 10,035 shares, compared to its average volume of 644,484. GMS has a twelve month low of $13.61 and a twelve month high of $31.53. The firm has a market capitalization of $748.15 million, a P/E ratio of 9.33, a P/E/G ratio of 0.85 and a beta of 2.41. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.85 and a quick ratio of 1.76.

Several hedge funds have recently modified their holdings of the company. IFP Advisors Inc grew its position in GMS by 49.0% during the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 658 shares during the period. Public Employees Retirement System of Ohio grew its position in GMS by 69.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,735 shares of the company’s stock valued at $26,000 after buying an additional 714 shares during the period. Swiss National Bank grew its position in GMS by 1.9% during the first quarter. Swiss National Bank now owns 60,000 shares of the company’s stock valued at $907,000 after buying an additional 1,100 shares during the period. NumerixS Investment Technologies Inc bought a new position in GMS during the fourth quarter valued at about $32,000. Finally, Royce & Associates LP bought a new position in GMS during the first quarter valued at about $36,000. 75.45% of the stock is owned by institutional investors.

GMS Company Profile

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.

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Earnings History and Estimates for GMS (NYSE:GMS)

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