GMS Inc (NYSE:GMS) – Equities research analysts at SunTrust Banks lowered their Q1 2022 earnings per share (EPS) estimates for GMS in a research note issued to investors on Thursday, June 25th. SunTrust Banks analyst K. Hughes now anticipates that the company will post earnings of $0.78 per share for the quarter, down from their prior forecast of $0.88. SunTrust Banks has a “Buy” rating and a $27.00 price target on the stock. SunTrust Banks also issued estimates for GMS’s Q4 2022 earnings at $0.74 EPS.
Other research analysts have also issued research reports about the stock. Royal Bank of Canada lowered shares of GMS from an “outperform” rating to a “sector perform” rating in a research report on Sunday, April 19th. Nomura Instinet boosted their price target on GMS from $17.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. TheStreet downgraded GMS from a “b-” rating to a “c+” rating in a research report on Friday, March 13th. Raymond James lowered their price objective on GMS from $30.00 to $24.00 and set a “strong-buy” rating on the stock in a research report on Monday, March 16th. Finally, Zacks Investment Research raised shares of GMS from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $25.73.
Shares of GMS stock opened at $23.62 on Monday. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.25 and a quick ratio of 1.41. The company has a market cap of $999.91 million, a PE ratio of 43.74 and a beta of 2.00. The firm has a fifty day moving average price of $21.37 and a two-hundred day moving average price of $22.07. GMS has a fifty-two week low of $10.39 and a fifty-two week high of $32.42.
GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.04. The business had revenue of $770.90 million for the quarter, compared to the consensus estimate of $734.20 million. GMS had a net margin of 0.72% and a return on equity of 18.36%. GMS’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. grew its holdings in shares of GMS by 24.4% during the fourth quarter. Prudential Financial Inc. now owns 1,943,840 shares of the company’s stock worth $52,639,000 after purchasing an additional 380,726 shares during the last quarter. Reinhart Partners Inc. lifted its position in shares of GMS by 109.4% during the first quarter. Reinhart Partners Inc. now owns 658,449 shares of the company’s stock worth $10,357,000 after purchasing an additional 343,963 shares in the last quarter. FMR LLC grew its stake in shares of GMS by 27.6% during the first quarter. FMR LLC now owns 1,568,460 shares of the company’s stock valued at $23,715,000 after purchasing an additional 338,959 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of GMS by 16.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,520,084 shares of the company’s stock valued at $41,164,000 after purchasing an additional 212,184 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in GMS by 9.5% in the 1st quarter. Federated Hermes Inc. now owns 2,095,401 shares of the company’s stock worth $32,960,000 after purchasing an additional 181,495 shares during the last quarter. Institutional investors and hedge funds own 92.90% 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.
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