GMS (NYSE:GMS) Announces Earnings Results

GMS (NYSE:GMS) issued its quarterly earnings results on Thursday. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.01, Bloomberg Earnings reports. The company had revenue of $861.90 million for the quarter, compared to the consensus estimate of $860.95 million. GMS had a return on equity of 18.99% and a net margin of 2.27%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share.

GMS stock opened at $28.42 on Friday. GMS has a twelve month low of $13.61 and a twelve month high of $32.42. The company has a market cap of $1.22 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.42 and a beta of 2.15. The business’s 50-day simple moving average is $30.56 and its 200 day simple moving average is $25.01. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 1.80.

Several equities analysts recently weighed in on the company. Zacks Investment Research cut GMS from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays lifted their price target on GMS from $26.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. TheStreet upgraded GMS from a “c+” rating to a “b-” rating in a report on Friday, September 27th. Robert W. Baird reiterated a “hold” rating and set a $35.00 price target (up from $28.00) on shares of GMS in a report on Friday. Finally, ValuEngine cut GMS from a “sell” rating to a “strong sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. GMS currently has an average rating of “Buy” and a consensus price target of $31.50.

In other news, major shareholder Investors Fund V. Lp Aea sold 6,825,058 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $26.93, for a total transaction of $183,798,811.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald R. Ross sold 30,474 shares of GMS stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $27.97, for a total transaction of $852,357.78. Following the sale, the director now owns 285,365 shares in the company, valued at $7,981,659.05. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

GMS Company Profile

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.

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Earnings History for GMS (NYSE:GMS)

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