GMS (NYSE:GMS) Announces Earnings Results

GMS (NYSE:GMS) issued its quarterly earnings results on Thursday. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.21), Briefing.com reports. GMS had a net margin of 5.02% and a return on equity of 24.05%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $2.40 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis.

GMS Price Performance

Shares of GMS stock traded up $1.79 on Friday, hitting $86.79. The company’s stock had a trading volume of 779,368 shares, compared to its average volume of 369,041. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 12.90 and a beta of 1.62. The firm has a fifty day moving average price of $87.90 and a 200-day moving average price of $91.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 2.17. GMS has a 1 year low of $56.58 and a 1 year high of $101.04.

Analysts Set New Price Targets

Several research firms have issued reports on GMS. Robert W. Baird lowered their price objective on shares of GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Loop Capital reduced their price target on shares of GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday, June 21st. Truist Financial dropped their price objective on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday. Barclays lowered their target price on GMS from $93.00 to $81.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. Finally, Royal Bank of Canada cut their price target on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Friday, June 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.75.

Insider Buying and Selling at GMS

In other news, SVP Craig D. Apolinsky sold 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $90.32, for a total transaction of $713,528.00. Following the completion of the transaction, the senior vice president now directly owns 10,671 shares of the company’s stock, valued at approximately $963,804.72. The sale was disclosed in a filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

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.