GMS Reports Results for Fourth Quarter and Fiscal 2018
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June 29, 2018 7:36 AM EDT
RBC Capital lowered its price target on GMS Inc. (NYSE: GMS) to $36.00 (from $38.00) while maintaining an Outperform rating but said they are buyers on weakness after disappointing results.
Analyst Mike Dahl notes their core estimates decline modestly on near-term headwinds, but they... More
June 28, 2018 6:02 AM EDT
GMS Inc. (NYSE: GMS) reported Q4 EPS of $0.65, in-line with the analyst estimate of $0.65. Revenue for the quarter came in at $635.8 million versus the consensus estimate of $673.42 million.
Fourth Quarter 2018 Results
Net sales for the fourth quarter of fiscal 2018 ended April 30, 2018 were $635.8 million, compared to $615.0 million for the fourth quarter of fiscal 2017 ended April 30, 2017.
Net income of $9.9 million, or $0.24 per diluted share, decreased by 30.5% or $4.4 million compared to $14.3 million, or $0.34 per diluted share, in the fourth quarter of fiscal 2017. Adjusted net income of $23.5 million, or $0.56 per diluted share, decreased $2.4... More
