Equities analysts forecast that GMS Inc (NYSE:GMS) will announce $837.13 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for GMS’s earnings. The highest sales estimate is $847.00 million and the lowest is $829.00 million. GMS posted sales of $778.14 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.6%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, August 29th.
According to Zacks, analysts expect that GMS will report full-year sales of $3.27 billion for the current fiscal year, with estimates ranging from $3.20 billion to $3.32 billion. For the next financial year, analysts anticipate that the company will post sales of $3.40 billion, with estimates ranging from $3.33 billion to $3.49 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover GMS.
GMS (NYSE:GMS) last posted its earnings results on Thursday, June 27th. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.03). The company had revenue of $780.10 million for the quarter, compared to the consensus estimate of $784.40 million. GMS had a net margin of 1.80% and a return on equity of 18.94%. GMS’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share.
In other news, CEO G Michael Callahan, Jr. sold 28,950 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $22.61, for a total value of $654,559.50. Following the transaction, the chief executive officer now directly owns 428,314 shares of the company’s stock, valued at approximately $9,684,179.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC raised its position in GMS by 27.6% in the 1st quarter. FMR LLC now owns 1,568,460 shares of the company’s stock worth $23,715,000 after purchasing an additional 338,959 shares during the last quarter. Dimensional Fund Advisors LP raised its position in GMS by 48.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,314,769 shares of the company’s stock worth $19,538,000 after purchasing an additional 428,497 shares during the last quarter. Formula Growth Ltd. raised its position in GMS by 18.6% in the 1st quarter. Formula Growth Ltd. now owns 795,640 shares of the company’s stock worth $12,030,000 after purchasing an additional 125,000 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in GMS by 52.7% in the 1st quarter. Frontier Capital Management Co. LLC now owns 693,259 shares of the company’s stock worth $10,482,000 after purchasing an additional 239,118 shares during the last quarter. Finally, Northern Trust Corp raised its position in GMS by 5.0% in the 2nd quarter. Northern Trust Corp now owns 427,382 shares of the company’s stock worth $9,402,000 after purchasing an additional 20,479 shares during the last quarter. 72.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of GMS stock traded up $0.54 during trading on Friday, reaching $22.36. The company’s stock had a trading volume of 18,787 shares, compared to its average volume of 346,296. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.24. The stock has a fifty day moving average price of $22.13. The company has a market cap of $894.30 million, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.04 and a beta of 2.40. GMS has a one year low of $13.61 and a one year high of $28.47.
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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