Equities analysts predict that GMS Inc (NYSE:GMS) will announce earnings per share (EPS) of $0.40 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for GMS’s earnings, with estimates ranging from $0.36 to $0.41. GMS reported earnings of $0.32 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 8th.
On average, analysts expect that GMS will report full year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.04. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.43 per share, with EPS estimates ranging from $2.19 to $2.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for GMS.
GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). GMS had a net margin of 2.26% and a return on equity of 14.24%. The firm had revenue of $648.00 million during the quarter, compared to analyst estimates of $662.03 million. During the same period in the prior year, the company posted $0.49 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis.
Shares of GMS (NYSE:GMS) traded down $0.68 on Wednesday, hitting $31.67. The stock had a trading volume of 385,400 shares, compared to its average volume of 318,270. GMS has a 1 year low of $27.20 and a 1 year high of $39.98. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1,299.44, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 2.28 and a beta of 1.42.
In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.30, for a total transaction of $441,250.00. Following the transaction, the chief executive officer now owns 528,418 shares in the company, valued at $18,653,155.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Michael Callahan, Jr. sold 33,333 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.17, for a total value of $1,072,322.61. Following the transaction, the insider now owns 461,752 shares in the company, valued at approximately $14,854,561.84. The disclosure for this sale can be found here. Insiders have sold 5,267,448 shares of company stock worth $200,063,931 in the last quarter. 5.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of GMS. Citadel Advisors LLC boosted its position in GMS by 141.4% during the fourth quarter. Citadel Advisors LLC now owns 974,060 shares of the company’s stock worth $36,664,000 after purchasing an additional 570,485 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in GMS during the third quarter worth approximately $16,433,000. Davidson Kempner Capital Management LP purchased a new position in GMS during the third quarter worth approximately $15,930,000. Copper Rock Capital Partners LLC boosted its position in GMS by 47.4% during the fourth quarter. Copper Rock Capital Partners LLC now owns 1,165,143 shares of the company’s stock worth $43,798,000 after purchasing an additional 374,438 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in GMS by 17.2% during the second quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock worth $64,976,000 after purchasing an additional 339,051 shares in the last quarter. Institutional investors own 65.97% of the company’s stock.
GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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