GMS (NYSE:GMS) announced its quarterly earnings results on Thursday. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04, Briefing.com reports. The firm had revenue of $770.90 million for the quarter, compared to the consensus estimate of $734.20 million. GMS had a return on equity of 19.47% and a net margin of 2.51%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share.
Shares of GMS opened at $22.67 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.25 and a debt-to-equity ratio of 1.57. The business has a 50-day simple moving average of $20.84 and a two-hundred day simple moving average of $22.20. The stock has a market cap of $959.41 million, a price-to-earnings ratio of 7.34 and a beta of 2.00. GMS has a 52 week low of $10.39 and a 52 week high of $32.42.
A number of research analysts have recently issued reports on GMS shares. Zacks Investment Research raised GMS from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. TheStreet downgraded GMS from a “b-” rating to a “c+” rating in a report on Friday, March 13th. Nomura Securities lowered their target price on GMS from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. SunTrust Banks lowered their target price on GMS from $33.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Finally, Raymond James lowered their target price on GMS from $30.00 to $24.00 and set a “strong-buy” rating on the stock in a report on Monday, March 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.00.
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.
Further Reading: Quiet Period Expirations
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