GMS Inc. (NYSE: GMS) is anticipated to submit earnings of $ 0.49 per share

Brokers predict that GMS Inc. (NYSE: GMS) will report earnings per share (EPS) of $ 0.49 for the present quarter, in keeping with Zacks. Three analysts have launched earnings estimates for GMS. The decrease estimate of EPS is $ 0.47 and the upper is $ 0.51. GMS posted earnings per share of $ 0.52 in the identical quarter final yr, suggesting a unfavourable development charge of 5.8% yr over yr. The corporate is anticipated to announce its subsequent quarterly earnings report earlier than the market opens on Thursday, March 4.

In keeping with Zacks, analysts anticipate GMS to report annual earnings of $ 2.95 per share for the present fiscal yr, with EPS estimates starting from $ 2.72 to $ 3.08. For subsequent yr, analysts anticipate the corporate to submit earnings of $ 3.24 per share, with EPS estimates starting from $ 2.85 to $ 3.49. Zacks EPS Averages is a median primarily based on a survey of analysts who present protection for GMS.

GMS (NYSE: GMS) final launched its quarterly earnings knowledge on Wednesday, December 2. The corporate reported earnings per share (EPS) of $ 0.93 for the quarter, beating the Zacks’ consensus estimate of $ 0.91 per $ 0.02. GMS achieved a return on fairness of 18.50% and a web margin of 0.80%. The corporate posted income of $ 812.90 million within the quarter, in comparison with a consensus estimate of $ 806.07 million. Throughout the identical interval final yr, the corporate made earnings per share of $ 1.00. The corporate’s income decreased 5.7% in comparison with the identical quarter final yr.

Plenty of fairness analysis analysts have weighed on the corporate. Zacks funding analysis demoted GMS from a “purchase” word to a “maintain” word in a Thursday, January 7 report. Northcoast Analysis downgraded GMS from a “purchase” score to a “impartial” score in a Friday, December 4 report. Barclays downgraded GMS from an “obese” score to an “equal weight” score and raised its worth goal for the share from $ 30.00 to $ 36.00 in a report on Tuesday, November 17. Stephens demoted GMS from an “obese” score to an “equal weight” score and set a goal worth of $ 30.00 for the corporate. in a report of Friday, December 4. Lastly, Raymond James downgraded GMS from a “sturdy purchase” score to a “market efficiency” score in a report dated Tuesday, November 17. Ten analysts rated the inventory with a sustaining score and one gave the corporate’s inventory a purchase score. The inventory at the moment has a consensus score of “Maintain” and a median worth goal of $ 26.50.

Actions of GMS open for $ 36.60 on Mondays. GMS has a one yr minimal of $ 10.39 and a one yr most of $ 37.85. The corporate has a debt to fairness ratio of 1.32, a present ratio of two.32, and a fast ratio of 1.52. The corporate has a market cap of $ 1.56 billion, a price-to-earnings ratio of 65.36 and a beta of two.09. The corporate has a 50-day transferring common of $ 32.60 and a 200-day transferring common of $ 28.34.

A number of giant buyers have just lately modified their positions on the title. Comerica Financial institution strengthened its place in GMS equities by 1.1% within the fourth quarter. Comerica Financial institution now owns 44,826 shares of the corporate valued at $ 1,454,000 after buying 482 further shares over the past quarter. Nisa Funding Advisors LLC strengthened its place in GMS equities by 8.7% within the fourth quarter. Nisa Funding Advisors LLC now owns 6,250 shares of the corporate valued at $ 191,000 after buying an extra 500 shares within the final quarter. The Oregon Public Workers Retirement Fund strengthened its place in GMS shares by 4.2% within the third quarter. The Oregon Public Workers Retirement Fund now owns 17,300 shares of the corporate valued at $ 417,000 after buying an extra 700 shares within the final quarter. The Swiss Nationwide Financial institution strengthened its place in GMS equities by 0.7% within the fourth quarter. The Swiss Nationwide Financial institution now owns 96,600 shares of the corporate valued at $ 2,944,000 after buying an extra 700 shares within the final quarter. Lastly, AXA SA strengthened its place in GMS shares by 0.8% within the third quarter. AXA SA now owns 113,800 shares of the corporate valued at $ 2,743,000 after buying 900 further shares over the past quarter. 93.86% of the inventory is at the moment held by institutional buyers.

GMS firm profile

GMS Inc. distributes wall panels, suspended ceiling methods and complementary constructing merchandise in the US and Canada. The corporate provides ceiling merchandise together with suspended mineral fibers, mushy fibers and metallic ceiling methods primarily utilized in places of work, lodges, hospitals, retail companies, colleges and numerous different business and institutional buildings. .

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History and revenue estimates for GMS (NYSE: GMS)

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