GMS (NYSE:GMS) Issues Quarterly Earnings Results

GMS (NYSE:GMS) issued its quarterly earnings data on Thursday. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47), Zacks reports. GMS had a net margin of 3.92% and a return on equity of 20.67%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.29 billion.

GMS Stock Down 7.5 %

Shares of GMS stock opened at $72.87 on Friday. The firm has a market capitalization of $2.83 billion, a PE ratio of 13.40 and a beta of 1.73. GMS has a 12-month low of $65.88 and a 12-month high of $105.54. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The stock’s fifty day moving average is $82.53 and its 200-day moving average is $89.02.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $86.00 price target (up from $78.00) on shares of GMS in a research note on Friday, December 6th. DA Davidson dropped their target price on GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Barclays decreased their price target on GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Truist Financial increased their price objective on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Loop Capital upped their price objective on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $93.57.

About GMS

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.