Wall Street analysts expect GMS (NYSE:GMS) to report $670.39 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for GMS’s earnings. The highest sales estimate is $685.00 million and the lowest is $647.17 million. GMS reported sales of $614.98 million in the same quarter last year, which indicates a positive year over year growth rate of 9%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 5th.
According to Zacks, analysts expect that GMS will report full year sales of $2.55 billion for the current fiscal year, with estimates ranging from $2.54 billion to $2.56 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.73 billion per share, with estimates ranging from $2.70 billion to $2.78 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for GMS.
GMS (NYSE:GMS) last issued its earnings results on Tuesday, March 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). GMS had a return on equity of 12.75% and a net margin of 2.70%. The firm had revenue of $585.60 million for the quarter, compared to analysts’ expectations of $602.08 million. During the same period last year, the firm earned $0.32 earnings per share. GMS’s revenue for the quarter was up 4.1% on a year-over-year basis.
In related news, insider G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $31.87, for a total value of $398,375.00. Following the completion of the transaction, the insider now owns 428,419 shares in the company, valued at $13,653,713.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider G Michael Callahan, Jr. sold 33,333 shares of GMS stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $33.65, for a total transaction of $1,121,655.45. Following the completion of the transaction, the insider now owns 428,419 shares of the company’s stock, valued at approximately $14,416,299.35. The disclosure for this sale can be found here. Insiders sold a total of 70,938 shares of company stock worth $2,316,140 over the last three months. Insiders own 5.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of GMS in the fourth quarter valued at approximately $129,000. Two Sigma Securities LLC acquired a new position in shares of GMS in the fourth quarter valued at approximately $225,000. Xact Kapitalforvaltning AB acquired a new position in shares of GMS in the first quarter valued at approximately $233,000. California Public Employees Retirement System acquired a new position in shares of GMS in the third quarter valued at approximately $234,000. Finally, Victory Capital Management Inc. grew its holdings in GMS by 54.2% during the 1st quarter. Victory Capital Management Inc. now owns 8,688 shares of the company’s stock worth $266,000 after acquiring an additional 3,055 shares in the last quarter. Hedge funds and other institutional investors own 71.17% of the company’s stock.
Shares of GMS traded up $0.61, reaching $30.13, on Friday, Marketbeat Ratings reports. The company had a trading volume of 288,337 shares, compared to its average volume of 236,679. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. GMS has a 52-week low of $27.20 and a 52-week high of $39.98. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.80 and a current ratio of 2.91.
GMS Company Profile
GMS Inc distributes wallboards, suspended ceilings systems, and complementary interior construction products in North America. The company offers wallboard products; and ceilings products, such as suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and other commercial and institutional buildings.
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