Several other equities research analysts also recently issued reports on GMS. Zacks Investment Research downgraded GMS from a hold rating to a sell rating in a research report on Tuesday, July 2nd. TheStreet raised GMS from a d+ rating to a c- rating in a research report on Thursday, May 2nd. Nomura reaffirmed a neutral rating and issued a $20.00 price target (down from $27.00) on shares of GMS in a research report on Thursday, May 16th. Finally, Royal Bank of Canada set a $23.00 price target on GMS and gave the company a buy rating in a research report on Friday, June 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $24.22.
GMS stock opened at $23.09 on Thursday. The company has a market capitalization of $962.53 million, a price-to-earnings ratio of 8.25, a PEG ratio of 1.11 and a beta of 2.40. The company’s fifty day moving average price is $22.50 and its two-hundred day moving average price is $19.21. GMS has a one year low of $13.61 and a one year high of $28.47. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.24 and a quick ratio of 1.43.
GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, June 27th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.03). The business had revenue of $780.10 million during the quarter, compared to analyst estimates of $784.40 million. GMS had a net margin of 1.80% and a return on equity of 18.94%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, sell-side analysts anticipate that GMS will post 3.06 earnings per share for the current year.
In related news, CEO G Michael Callahan, Jr. sold 28,950 shares of GMS stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $22.61, for a total transaction of $654,559.50. Following the sale, the chief executive officer now directly owns 428,314 shares of the company’s stock, valued at $9,684,179.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.90% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its position in GMS by 17.1% during the second quarter. Public Employees Retirement System of Ohio now owns 3,174 shares of the company’s stock worth $70,000 after buying an additional 463 shares in the last quarter. Swiss National Bank grew its position in GMS by 2.2% during the second quarter. Swiss National Bank now owns 61,300 shares of the company’s stock worth $1,349,000 after buying an additional 1,300 shares in the last quarter. Royce & Associates LP acquired a new stake in GMS during the first quarter worth about $36,000. Bank of Montreal Can grew its position in GMS by 419.9% during the second quarter. Bank of Montreal Can now owns 3,296 shares of the company’s stock worth $73,000 after buying an additional 2,662 shares in the last quarter. Finally, Glen Harbor Capital Management LLC bought a new position in GMS during the second quarter worth about $70,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.
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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