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.
Featured Story: Dividend Aristocrat Index
Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.