GMS (NYSE:GMS) Issues Quarterly Earnings Results, Misses Expectations By $0.24 EPS

GMS (NYSE:GMS) announced its earnings results on Thursday. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.24), Zacks reports. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 earnings per share.

GMS Price Performance

GMS stock opened at $97.06 on Friday. GMS has a one year low of $68.13 and a one year high of $105.54. The company’s fifty day moving average price is $95.68 and its 200-day moving average price is $91.02. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. The company has a market capitalization of $3.81 billion, a PE ratio of 17.84 and a beta of 1.68.

Analysts Set New Price Targets

Several analysts recently issued reports on GMS shares. Loop Capital boosted their target price on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, November 25th. DA Davidson cut their target price on shares of GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $86.00 price target (up previously from $78.00) on shares of GMS in a report on Friday. StockNews.com downgraded shares of GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Barclays lifted their price target on shares of GMS from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, GMS presently has an average rating of “Hold” and a consensus target price of $93.25.

Insider Transactions at GMS

In other news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

GMS Company Profile

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.