GMS (NYSE:GMS) Issues Earnings Results, Misses Estimates By $0.47 EPS

GMS (NYSE:GMS) released its quarterly earnings data on Thursday. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.47), Zacks reports. GMS had a return on equity of 20.67% and a net margin of 3.92%.

GMS Trading Down 8.7 %

Shares of NYSE:GMS traded down $6.85 during midday trading on Thursday, hitting $71.96. 620,007 shares of the stock were exchanged, compared to its average volume of 372,013. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. GMS has a 12 month low of $65.88 and a 12 month high of $105.54. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 13.25 and a beta of 1.73. The business’s 50-day moving average price is $82.80 and its 200 day moving average price is $89.13.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GMS. DA Davidson dropped their target price on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. Loop Capital lifted their price objective on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Barclays lowered their price objective on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $86.00 price target (up previously from $78.00) on shares of GMS in a report on Friday, December 6th. Finally, Robert W. Baird lowered their price target on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.57.

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.