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

Brokerages expect GMS Inc. (NYSE:GMSGet Rating) to announce earnings per share (EPS) of $1.87 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for GMS’s earnings, with the lowest EPS estimate coming in at $1.86 and the highest estimate coming in at $1.87. GMS reported earnings per share of $1.07 in the same quarter last year, which suggests a positive year over year growth rate of 74.8%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that GMS will report full-year earnings of $7.27 per share for the current fiscal year, with EPS estimates ranging from $7.26 to $7.28. For the next fiscal year, analysts expect that the firm will post earnings of $7.19 per share, with EPS estimates ranging from $6.51 to $8.04. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover GMS.

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

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

NYSE:GMS opened at $46.66 on Thursday. 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 has a fifty-two week low of $40.03 and a fifty-two week high of $61.79. The stock has a market cap of $2.01 billion, a PE ratio of 8.89 and a beta of 1.87. The firm’s fifty day simple moving average is $49.47 and its 200-day simple moving average is $53.19.

In related news, major shareholder Coliseum Capital Management, L purchased 36,713 shares of the firm’s 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought 217,049 shares of company stock valued at $10,608,665 in the last three months. Corporate insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in GMS by 0.7% during the fourth quarter. BlackRock Inc. now owns 7,015,817 shares of the company’s stock worth $421,720,000 after purchasing an additional 49,049 shares during the last quarter. Coliseum Capital Management LLC lifted its stake in GMS by 6.6% during the third quarter. Coliseum Capital Management LLC now owns 5,292,003 shares of the company’s stock worth $231,790,000 after purchasing an additional 328,060 shares during the last quarter. Vanguard Group Inc. lifted its stake in GMS by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,066,046 shares of the company’s stock worth $252,137,000 after purchasing 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 valued at $101,481,000 after buying 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 valued at $23,715,000 after buying an additional 338,959 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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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