GMS (NYSE:GMS) Issues Quarterly Earnings Results

GMS (NYSE:GMS) issued its earnings results on Thursday. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.11), Briefing.com reports. GMS had a return on equity of 24.05% and a net margin of 5.02%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the business posted $2.11 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year.

GMS Trading Down 3.1 %

Shares of GMS opened at $81.82 on Friday. The stock has a market cap of $3.26 billion, a PE ratio of 12.16 and a beta of 1.72. GMS has a 52-week low of $56.58 and a 52-week high of $101.04. The firm’s fifty day moving average is $92.35 and its two-hundred day moving average is $88.68. The company has a quick ratio of 1.47, a current ratio of 2.17 and a debt-to-equity ratio of 0.84.

Wall Street Analyst Weigh In

A number of research firms have commented on GMS. StockNews.com raised shares of GMS from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Robert W. Baird dropped their target price on shares of GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday. Truist Financial decreased their price target on shares of GMS from $105.00 to $95.00 and set a “hold” rating for the company in a report on Friday. Royal Bank of Canada cut their target price on GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, Loop Capital dropped their price target on GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, GMS currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.88.

Insider Activity

In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total value of $1,931,400.00. Following the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at $1,000,465.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

GMS Company Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.