DA Davidson Comments on GMS Inc.’s FY2026 Earnings (NYSE:GMS)

GMS Inc. (NYSE:GMS) – Analysts at DA Davidson issued their FY2026 EPS estimates for shares of GMS in a report issued on Thursday, June 27th. DA Davidson analyst K. Yinger anticipates that the company will post earnings of $9.04 per share for the year. DA Davidson currently has a “Buy” rating and a $97.00 price target on the stock. The consensus estimate for GMS’s current full-year earnings is $8.58 per share.

Other research analysts have also issued research reports about the stock. Barclays lowered their target price on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating for the company in a research note on Friday, June 21st. Royal Bank of Canada reduced 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 report on Friday, June 21st. Truist Financial reduced their target price on shares of GMS from $105.00 to $95.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Robert W. Baird reduced 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. Finally, Stephens cut their target price on shares of GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.38.

GMS Trading Up 1.3 %

Shares of GMS opened at $79.22 on Monday. The company has a current ratio of 2.17, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. GMS has a 12-month low of $56.58 and a 12-month high of $101.04. The firm has a 50-day moving average price of $90.65 and a 200 day moving average price of $89.16. The firm has a market capitalization of $3.14 billion, a P/E ratio of 11.77 and a beta of 1.63.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, June 20th. The company reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.11). GMS had a return on equity of 24.05% and a net margin of 5.02%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis.

Institutional Investors Weigh In On GMS

Several institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its position in shares of GMS by 116.5% in the 4th quarter. Allianz Asset Management GmbH now owns 24,732 shares of the company’s stock worth $2,039,000 after buying an additional 13,306 shares in the last quarter. Artemis Investment Management LLP increased its stake in shares of GMS by 19.6% during the 1st quarter. Artemis Investment Management LLP now owns 61,370 shares of the company’s stock valued at $5,971,000 after acquiring an additional 10,036 shares during the last quarter. Reinhart Partners LLC. increased its position in GMS by 2.0% during the 1st quarter. Reinhart Partners LLC. now owns 487,549 shares of the company’s stock worth $47,458,000 after purchasing an additional 9,441 shares in the last quarter. Lazard Asset Management LLC increased its position in GMS by 17.5% during the 3rd quarter. Lazard Asset Management LLC now owns 190,477 shares of the company’s stock worth $12,184,000 after purchasing an additional 28,311 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its position in GMS by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 10,231 shares of the company’s stock valued at $843,000 after acquiring an additional 136 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

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.