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.
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.
Featured Story: Stock Symbols Definition, Examples, Lookup
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.