GMS (NYSE:GMS) Issues Quarterly Earnings Results

GMS (NYSE:GMS) announced its quarterly earnings results on Thursday. The company reported $1.00 EPS for the quarter, topping 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 analyst estimates of $860.95 million. GMS had a net margin of 2.27% and a return on equity of 18.99%. GMS’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 EPS.

NYSE:GMS opened at $29.04 on Friday. GMS has a 1 year low of $13.61 and a 1 year high of $32.42. The firm’s fifty day simple moving average is $30.57 and its 200 day simple moving average is $24.96. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $1.22 billion, a PE ratio of 10.37, a PEG ratio of 1.42 and a beta of 2.15.

GMS has been the subject of several analyst reports. Seaport Global Securities reaffirmed a “buy” rating and issued a $33.00 price objective (up previously from $28.00) on shares of GMS in a research note on Friday, August 30th. They noted that the move was a valuation call. Royal Bank of Canada set a $30.00 target price on GMS and gave the company a “buy” rating in a report on Friday, August 30th. Zacks Investment Research lowered GMS from a “buy” rating to a “hold” rating in a report on Wednesday. SunTrust Banks boosted their price target on GMS from $23.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Stephens set a $34.00 price target on GMS and gave the stock a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. GMS has an average rating of “Buy” and a consensus price target of $30.20.

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

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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