GMS Inc (NYSE:GMS) – Research analysts at Northcoast Research increased their FY2019 earnings per share (EPS) estimates for shares of GMS in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Northcoast Research analyst K. Hocevar now forecasts that the company will post earnings of $2.75 per share for the year, up from their prior estimate of $2.40. Northcoast Research currently has a “Buy” rating and a $41.00 price target on the stock. Northcoast Research also issued estimates for GMS’s FY2020 earnings at $3.05 EPS.
A number of other research firms have also recently issued reports on GMS. Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 price target on shares of GMS in a report on Friday, December 8th. SunTrust Banks lifted their price target on GMS to $45.00 and gave the company a “buy” rating in a report on Monday, December 11th. Barclays set a $43.00 price objective on GMS and gave the stock a “buy” rating in a report on Friday, December 8th. Zacks Investment Research raised GMS from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Finally, ValuEngine cut GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. GMS presently has a consensus rating of “Buy” and a consensus price target of $39.09.
GMS stock opened at $30.44 on Friday. The company has a quick ratio of 1.80, a current ratio of 2.91 and a debt-to-equity ratio of 1.02. GMS has a twelve month low of $27.20 and a twelve month high of $39.98. The stock has a market capitalization of $1,248.98, a PE ratio of 19.03, a P/E/G ratio of 2.17 and a beta of 1.70.
GMS (NYSE:GMS) last released its quarterly earnings results on Tuesday, March 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.22). GMS had a net margin of 2.70% and a return on equity of 12.75%. The business had revenue of $585.60 million during the quarter, compared to the consensus estimate of $602.08 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year.
In other news, insider G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $36.82, for a total transaction of $460,250.00. Following the completion of the transaction, the insider now directly owns 495,085 shares in the company, valued at approximately $18,229,029.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider G Michael Callahan, Jr. sold 33,333 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.17, for a total value of $1,072,322.61. Following the transaction, the insider now owns 461,752 shares of the company’s stock, valued at $14,854,561.84. The disclosure for this sale can be found here. Insiders have sold a total of 124,999 shares of company stock valued at $4,311,007 over the last three months. Company insiders own 5.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of GMS. Great West Life Assurance Co. Can grew its position in shares of GMS by 213.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock worth $100,000 after buying an additional 1,923 shares during the period. SG Americas Securities LLC acquired a new position in shares of GMS during the 4th quarter worth about $129,000. Macquarie Group Ltd. acquired a new position in shares of GMS during the 3rd quarter worth about $170,000. Victory Capital Management Inc. acquired a new position in shares of GMS during the 3rd quarter worth about $182,000. Finally, Two Sigma Securities LLC acquired a new position in shares of GMS during the 4th quarter worth about $225,000. Institutional investors own 72.83% of the company’s stock.
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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