Analysts Expect GMS Inc (NYSE:GMS) Will Post Earnings of $0.50 Per Share

Equities research analysts predict that GMS Inc (NYSE:GMS) will post $0.50 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for GMS’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.52. GMS reported earnings of $0.41 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 22%. The business is scheduled to announce its next quarterly earnings report on Tuesday, March 3rd.

According to Zacks, analysts expect that GMS will report full-year earnings of $3.11 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.21. For the next financial year, analysts anticipate that the business will post earnings of $3.47 per share, with EPS estimates ranging from $3.24 to $3.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow GMS.

GMS (NYSE:GMS) last posted its earnings results on Thursday, December 5th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $861.90 million for the quarter, compared to the consensus estimate of $860.95 million. GMS had a return on equity of 18.99% and a net margin of 2.27%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 earnings per share.

A number of equities research analysts have issued reports on GMS shares. Royal Bank of Canada set a $30.00 price objective on GMS and gave the company a “buy” rating in a research report on Friday, August 30th. Zacks Investment Research downgraded GMS from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays upped their price objective on GMS from $26.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Robert W. Baird upped their price objective on GMS from $28.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Stephens decreased their price objective on GMS from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.50.

In other news, Director Ronald R. Ross sold 30,474 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $27.97, for a total value of $852,357.78. Following the sale, the director now directly owns 285,365 shares in the company, valued at $7,981,659.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Investors Fund V. Lp Aea sold 6,825,058 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $26.93, for a total value of $183,798,811.94. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GMS. BlackRock Inc. raised its holdings in shares of GMS by 115.6% in the second quarter. BlackRock Inc. now owns 4,718,664 shares of the company’s stock worth $103,811,000 after buying an additional 2,529,800 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of GMS in the second quarter worth approximately $14,140,000. Vanguard Group Inc. raised its holdings in shares of GMS by 14.0% in the second quarter. Vanguard Group Inc. now owns 3,488,993 shares of the company’s stock worth $76,758,000 after buying an additional 428,725 shares during the period. FMR LLC raised its holdings in shares of GMS by 27.6% in the first quarter. FMR LLC now owns 1,568,460 shares of the company’s stock worth $23,715,000 after buying an additional 338,959 shares during the period. Finally, Man Group plc purchased a new stake in shares of GMS in the third quarter worth approximately $7,872,000. Hedge funds and other institutional investors own 89.49% of the company’s stock.

GMS stock traded down $0.62 during midday trading on Friday, reaching $28.42. 612,322 shares of the company traded hands, compared to its average volume of 583,584. GMS has a 52-week low of $13.61 and a 52-week high of $32.42. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.46 and a current ratio of 2.29. The business has a 50 day moving average of $30.56 and a 200-day moving average of $25.01. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 1.42 and a beta of 2.15.

About GMS

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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