Zacks: Brokerages Expect GMS Inc. (NYSE:GMS) Will Post Earnings of $1.87 Per Share

Wall Street brokerages expect GMS Inc. (NYSE:GMSGet Rating) to report $1.87 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for GMS’s earnings. The lowest EPS estimate is $1.86 and the highest is $1.87. GMS reported earnings of $1.07 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 74.8%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that GMS will report full year earnings of $7.27 per share for the current year, with EPS estimates ranging from $7.26 to $7.28. For the next year, analysts anticipate that the firm will report earnings of $7.19 per share, with EPS estimates ranging from $6.51 to $8.04. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover GMS.

GMS (NYSE:GMSGet Rating) last released its quarterly earnings data on Thursday, March 3rd. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.03. GMS had a net margin of 5.39% and a return on equity of 31.14%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business earned $0.60 earnings per share. GMS’s revenue was up 53.5% compared to the same quarter last year.

A number of equities research analysts have weighed in on GMS shares. Zacks Investment Research cut shares of GMS from a “buy” rating to a “hold” rating in a research report on Friday, April 22nd. StockNews.com started coverage on shares of GMS in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Loop Capital started coverage on shares of GMS in a research report on Thursday, March 17th. They set a “buy” rating and a $62.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $62.88.

In other GMS news, major shareholder Coliseum Capital Management, L acquired 36,713 shares of the stock in a transaction dated Monday, March 21st. The stock was acquired at an average price of $54.39 per share, with a total value of $1,996,820.07. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders bought 217,049 shares of company stock valued at $10,608,665. Insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of GMS by 0.7% in the fourth quarter. BlackRock Inc. now owns 7,015,817 shares of the company’s stock valued at $421,720,000 after purchasing an additional 49,049 shares during the period. Coliseum Capital Management LLC lifted its stake in GMS by 6.6% in the third quarter. Coliseum Capital Management LLC now owns 5,292,003 shares of the company’s stock worth $231,790,000 after acquiring an additional 328,060 shares during the last quarter. Vanguard Group Inc. lifted its stake in GMS by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,066,046 shares of the company’s stock worth $252,137,000 after acquiring an additional 34,498 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in GMS by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,316,798 shares of the company’s stock worth $101,481,000 after acquiring an additional 10,276 shares during the last quarter. Finally, FMR LLC lifted its stake in 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 acquiring an additional 338,959 shares during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Shares of GMS traded down $0.94 during trading on Thursday, reaching $46.14. 217,770 shares of the company traded hands, compared to its average volume of 241,166. GMS has a twelve month low of $40.03 and a twelve month high of $61.79. The stock has a market cap of $1.99 billion, a PE ratio of 8.67 and a beta of 1.87. The stock has a 50-day simple moving average of $49.38 and a 200-day simple moving average of $53.10. The company has a quick ratio of 1.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28.

GMS Company Profile (Get Rating)

GMS Inc distributes wallboards, suspended ceilings systems, and complementary building products in the United States and Canada. The company offers 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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