GMS Inc (NYSE:GMS) – Analysts at SunTrust Banks reduced their FY2018 earnings per share (EPS) estimates for GMS in a research report issued to clients and investors on Friday. SunTrust Banks analyst K. Hughes now forecasts that the company will post earnings of $1.96 per share for the year, down from their previous forecast of $2.01. SunTrust Banks has a “Buy” rating and a $45.00 price objective on the stock. SunTrust Banks also issued estimates for GMS’s Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.65 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.42 EPS.
GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). GMS had a net margin of 2.26% and a return on equity of 14.24%. The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. During the same period in the previous year, the company earned $0.49 EPS. GMS’s revenue for the quarter was up 9.5% on a year-over-year basis.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Royal Bank of Canada upped their price target on shares of GMS from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, September 7th. ValuEngine cut shares of GMS from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird restated a “buy” rating and issued a $37.00 price target on shares of GMS in a research report on Monday, October 9th. Finally, Wells Fargo & Company started coverage on shares of GMS in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 price target for the company. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. GMS presently has an average rating of “Buy” and an average price target of $39.63.
Shares of GMS (GMS) traded down $1.42 during midday trading on Monday, reaching $37.55. 2,053,502 shares of the company’s stock traded hands, compared to its average volume of 372,975. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.70 and a current ratio of 2.62. GMS has a 1 year low of $25.87 and a 1 year high of $39.98. The firm has a market cap of $1,582.56, a PE ratio of 21.67, a P/E/G ratio of 2.75 and a beta of 3.20.
In other news, CFO H Douglas Goforth sold 102,282 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $37.57, for a total transaction of $3,842,734.74. Following the completion of the sale, the chief financial officer now directly owns 82,563 shares in the company, valued at $3,101,891.91. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Lynn Ross sold 1,894 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,676 shares of company stock valued at $7,488,934. 5.90% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Rubric Capital Management LP grew its holdings in GMS by 48.9% in the third quarter. Rubric Capital Management LP now owns 675,000 shares of the company’s stock worth $23,895,000 after purchasing an additional 221,546 shares during the period. GSA Capital Partners LLP acquired a new stake in GMS in the third quarter worth $755,000. California Public Employees Retirement System acquired a new stake in GMS in the third quarter worth $234,000. Davidson Kempner Capital Management LP acquired a new stake in GMS in the third quarter worth $15,930,000. Finally, Janney Capital Management LLC acquired a new stake in GMS in the third quarter worth $708,000. Institutional investors own 59.34% of the company’s stock.
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GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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