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.
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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