Brokerages Anticipate GMS Inc. (GMS) to Post $0.45 EPS
Equities research analysts expect GMS Inc. (NYSE:GMS) to report earnings of $0.45 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for GMS’s earnings. GMS posted earnings per share of $0.46 during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The business is expected to announce its next quarterly earnings results on Tuesday, December 12th.
According to Zacks, analysts expect that GMS will report full-year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.97 to $2.07. For the next year, analysts expect that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.15 to $2.63. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for GMS.
GMS (NYSE:GMS) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The business had revenue of $642.20 million for the quarter, compared to analyst estimates of $645.19 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis.
GMS has been the topic of a number of research reports. Royal Bank Of Canada restated a “buy” rating and set a $39.00 price target on shares of GMS in a research note on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and set a $37.00 price target on shares of GMS in a research note on Monday, October 9th. Northcoast Research upgraded GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Monday, July 3rd. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Finally, Wells Fargo & Company initiated coverage on GMS in a research note on Wednesday, October 18th. They set a “market perform” rating and a $38.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $36.83.
In related news, insider Lynn Ross sold 1,894 shares of GMS stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $34.77, for a total value of $65,854.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $34.52, for a total value of $431,500.00. Following the completion of the sale, the chief executive officer now owns 528,418 shares in the company, valued at $18,240,989.36. The disclosure for this sale can be found here. Insiders sold a total of 26,894 shares of company stock worth $931,479 over the last quarter. Company insiders own 5.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of GMS. American International Group Inc. boosted its stake in shares of GMS by 7.0% in the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock valued at $153,000 after buying an additional 288 shares in the last quarter. Legal & General Group Plc boosted its stake 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 in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of GMS by 386.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock valued at $182,000 after buying an additional 4,123 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of GMS in the third quarter valued at approximately $182,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of GMS in the second quarter valued at approximately $242,000. Hedge funds and other institutional investors own 56.11% of the company’s stock.
Shares of GMS (NYSE:GMS) opened at 33.54 on Tuesday. GMS has a 12 month low of $20.51 and a 12 month high of $36.99. The company has a 50-day moving average price of $34.61 and a 200-day moving average price of $34.61. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 25.68 and a beta of 3.39.
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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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