$843.03 Million in Sales Expected for GMS Inc (GMS) This Quarter

Wall Street analysts expect that GMS Inc (NYSE:GMS) will announce sales of $843.03 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for GMS’s earnings. The lowest sales estimate is $825.30 million and the highest is $853.00 million. GMS posted sales of $648.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 30.1%. The business is scheduled to issue its next earnings report on Thursday, December 6th.

On average, analysts expect that GMS will report full-year sales of $3.17 billion for the current fiscal year, with estimates ranging from $3.15 billion to $3.21 billion. For the next financial year, analysts anticipate that the company will post sales of $3.39 billion, with estimates ranging from $3.35 billion to $3.41 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover GMS.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, August 30th. The company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.09. GMS had a return on equity of 15.18% and a net margin of 2.13%. The firm had revenue of $778.10 million for the quarter, compared to the consensus estimate of $768.61 million. During the same period in the previous year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year.

A number of research firms recently weighed in on GMS. ValuEngine downgraded GMS from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 4th. Zacks Investment Research downgraded GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. Raymond James lifted their price target on GMS from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Nomura lifted their price target on GMS from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Finally, Robert W. Baird downgraded GMS from an “outperform” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Tuesday, July 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $36.55.

In other news, Director John J. Gavin bought 4,150 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were bought at an average cost of $24.13 per share, for a total transaction of $100,139.50. Following the completion of the transaction, the director now owns 16,966 shares in the company, valued at $409,389.58. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lynn Ross bought 2,061 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were purchased at an average price of $24.26 per share, for a total transaction of $49,999.86. Following the completion of the transaction, the insider now owns 2,061 shares of the company’s stock, valued at approximately $49,999.86. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 9,211 shares of company stock worth $222,559. 4.90% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates purchased a new stake in GMS during the second quarter worth $216,000. Xact Kapitalforvaltning AB acquired a new position in shares of GMS in the first quarter worth $233,000. BNP Paribas Arbitrage SA raised its holdings in shares of GMS by 79.1% in the first quarter. BNP Paribas Arbitrage SA now owns 9,764 shares of the company’s stock worth $298,000 after acquiring an additional 4,313 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of GMS in the second quarter worth $315,000. Finally, California Public Employees Retirement System raised its holdings in shares of GMS by 54.7% in the second quarter. California Public Employees Retirement System now owns 12,063 shares of the company’s stock worth $327,000 after acquiring an additional 4,263 shares during the last quarter. Institutional investors own 75.72% of the company’s stock.

Shares of GMS stock traded down $0.81 during trading on Monday, reaching $17.75. The company’s stock had a trading volume of 25,376 shares, compared to its average volume of 422,081. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.08 and a quick ratio of 1.93. GMS has a 12-month low of $18.08 and a 12-month high of $39.98. The company has a market cap of $954.42 million, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.01 and a beta of 1.26.

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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