GMS (NYSE:GMS) Announces Quarterly Earnings Results

GMS (NYSE:GMSGet Free Report) announced its quarterly earnings results on Thursday. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.11), Briefing.com reports. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. GMS had a return on equity of 25.65% and a net margin of 5.48%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 EPS.

GMS Trading Down 6.1 %

NYSE:GMS opened at $84.40 on Friday. GMS has a 12 month low of $56.58 and a 12 month high of $101.04. The firm has a fifty day simple moving average of $92.61 and a 200-day simple moving average of $88.61. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.36 billion, a P/E ratio of 11.82 and a beta of 1.72.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of GMS from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Robert W. Baird reduced their price objective on shares of GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday. Royal Bank of Canada upped their target price on shares of GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. Barclays upped their target price on shares of GMS from $75.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 5th. Finally, Truist Financial increased their price objective on shares of GMS from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

View Our Latest Report on GMS

Insider Activity at GMS

In related news, SVP Craig D. Apolinsky sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the transaction, the senior vice president now directly owns 10,360 shares in the company, valued at $1,000,465.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

GMS Company Profile

(Get Free Report)

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.

See Also

Earnings History for GMS (NYSE:GMS)

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