Published On: Mon, Sep 12th, 2016

GMS Inc (GMS) Set to Announce Quarterly Earnings on Tuesday

GMS Inc (NYSE:GMS) is scheduled to be releasing its Q117 earnings data on Tuesday, September 13th. Analysts expect GMS to post earnings of $0.47 per share and revenue of $558.13 million for the quarter.
GMS (NYSE:GMS) last posted its earnings results on Tuesday, July 12th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.17. The business earned $527.20 million during the quarter. GMS’s quarterly revenue was up 30.3% on a year-over-year basis. On average, analysts expect GMS to post $1.73 EPS for the current fiscal year and $1.97 EPS for the next fiscal year.
GMS Inc (NYSE:GMS) opened at 22.33 on Monday. The stock has a market cap of $914.23 million and a PE ratio of 58.76. The company’s 50-day moving average is $24.15 and its 200 day moving average is $23.42. GMS Inc has a 52 week low of $19.28 and a 52 week high of $26.42.

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Several analysts recently commented on the stock. Robert W. Baird reissued a “neutral” rating and set a $25.00 price objective on shares of GMS in a research report on Thursday, September 1st. Royal Bank Of Canada increased their price objective on shares of GMS from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, July 13th. Credit Suisse Group AG reissued a “buy” rating on shares of GMS in a research report on Tuesday, June 28th. Stephens assumed coverage on shares of GMS in a research report on Monday, June 20th. They set an “overweight” rating on the stock. Finally, SunTrust Banks Inc. assumed coverage on shares of GMS in a research report on Monday, June 20th. They set a “buy” rating and a $28.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.60.
GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems. The Company’s seven segments include Central, Northeast, Southern, Southeast, Southwest and Western, Tool Source Warehouse, Inc and other. It offers wallboard, which is used in building products for interior and exterior walls, and ceilings in residential and commercial structures.

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