GMS Inc to Post FY2017 Earnings of $1.67 Per Share, Seaport Global Securities Forecasts (GMS)

GMS Inc (NYSE:GMS) – Analysts at Seaport Global Securities issued their FY2017 earnings estimates for GMS in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Mccall expects that the firm will earn $1.67 per share for the year. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for GMS’s Q4 2017 earnings at $0.44 EPS, Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.05 EPS and FY2019 earnings at $2.30 EPS.

GMS has been the subject of several other reports. Royal Bank of Canada reiterated a “buy” rating and set a $38.00 target price (up from $32.00) on shares of GMS in a research report on Monday, March 6th. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a research note on Monday, November 21st. Robert W. Baird upgraded GMS from a “neutral” rating to an “outperform” rating and raised their price target for the company from $32.00 to $36.00 in a research note on Wednesday, March 1st. Barclays PLC began coverage on GMS in a research note on Thursday, January 5th. They set an “overweight” rating and a $34.00 price target on the stock. Finally, Northcoast Research restated a “neutral” rating on shares of GMS in a research note on Wednesday, November 30th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.43.

Earnings History and Estimates for GMS (NYSE:GMS)

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GMS (NYSE:GMS) opened at 33.83 on Monday. GMS has a 1-year low of $19.28 and a 1-year high of $34.26. The firm’s 50-day moving average is $30.73 and its 200 day moving average is $26.35. The company has a market cap of $1.39 billion and a PE ratio of 30.23.

GMS (NYSE:GMS) last posted its earnings results on Thursday, March 9th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $562.50 million for the quarter, compared to the consensus estimate of $562.44 million. GMS’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) EPS.

A number of institutional investors have recently bought and sold shares of GMS. Sei Investments Co. raised its position in GMS by 17.6% in the third quarter. Sei Investments Co. now owns 4,703 shares of the company’s stock valued at $105,000 after buying an additional 704 shares during the period. Acadian Asset Management LLC bought a new position in GMS during the third quarter valued at about $170,000. BlackRock Inc. raised its position in GMS by 7,489.2% in the third quarter. BlackRock Inc. now owns 15,406 shares of the company’s stock valued at $342,000 after buying an additional 15,203 shares during the period. GSA Capital Partners LLP raised its position in GMS by 9.6% in the fourth quarter. GSA Capital Partners LLP now owns 16,573 shares of the company’s stock valued at $485,000 after buying an additional 1,453 shares during the period. Finally, Globeflex Capital L P bought a new position in GMS during the third quarter valued at about $650,000. Institutional investors own 19.96% of the company’s stock.

About GMS

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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