Analysts predict that GMS Inc (NYSE:GMS) will report $785.34 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for GMS’s earnings, with the highest sales estimate coming in at $807.90 million and the lowest estimate coming in at $774.00 million. GMS posted sales of $635.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 23.5%. The company is scheduled to issue its next earnings results on Thursday, June 27th.
According to Zacks, analysts expect that GMS will report full-year sales of $3.12 billion for the current fiscal year, with estimates ranging from $3.11 billion to $3.14 billion. For the next financial year, analysts expect that the company will post sales of $3.27 billion, with estimates ranging from $3.23 billion to $3.32 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover GMS.
GMS (NYSE:GMS) last announced its earnings results on Tuesday, March 5th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.13). GMS had a net margin of 1.66% and a return on equity of 18.49%. The firm had revenue of $723.90 million for the quarter, compared to analysts’ expectations of $741.43 million. During the same quarter last year, the business earned $0.47 earnings per share. The business’s revenue was up 23.6% compared to the same quarter last year.
Several equities analysts have recently issued reports on GMS shares. ValuEngine cut GMS from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.44.
Several institutional investors and hedge funds have recently made changes to their positions in GMS. Public Employees Retirement System of Ohio raised its position in shares of GMS by 69.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,735 shares of the company’s stock worth $26,000 after acquiring an additional 714 shares in the last quarter. IFP Advisors Inc raised its position in shares of GMS by 49.0% during the 4th quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 658 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of GMS during the 4th quarter worth about $32,000. Tower Research Capital LLC TRC raised its position in shares of GMS by 1,452.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,652 shares of the company’s stock worth $132,000 after acquiring an additional 5,288 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of GMS by 373.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,495 shares of the company’s stock worth $156,000 after acquiring an additional 8,277 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.
GMS stock traded up $0.78 during midday trading on Thursday, reaching $17.31. 480,284 shares of the stock traded hands, compared to its average volume of 341,565. GMS has a 12-month low of $13.61 and a 12-month high of $32.10. The stock has a market capitalization of $702.30 million, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.86 and a beta of 2.33. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.85 and a quick ratio of 1.76.
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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