GMS Inc (NYSE:GMS) – Stock analysts at SunTrust Banks reduced their Q3 2019 earnings per share (EPS) estimates for shares of GMS in a research report issued on Wednesday, December 5th. SunTrust Banks analyst K. Hughes now expects that the company will earn $0.54 per share for the quarter, down from their prior forecast of $0.58. SunTrust Banks currently has a “Buy” rating and a $26.00 target price on the stock. SunTrust Banks also issued estimates for GMS’s Q4 2019 earnings at $0.88 EPS, FY2019 earnings at $3.13 EPS, Q1 2020 earnings at $0.96 EPS, Q2 2020 earnings at $1.07 EPS, Q3 2020 earnings at $0.68 EPS, Q4 2020 earnings at $1.04 EPS and FY2020 earnings at $3.75 EPS.
A number of other research firms have also recently commented on GMS. Raymond James lifted their target price on GMS from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Nomura lifted their target price on GMS from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Zacks Investment Research cut GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 3rd. ValuEngine cut GMS from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. Finally, Royal Bank of Canada set a $25.00 target price on GMS and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. GMS currently has an average rating of “Buy” and a consensus price target of $32.10.
GMS opened at $18.20 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.93 and a current ratio of 2.75. GMS has a one year low of $14.89 and a one year high of $39.98. The stock has a market cap of $709.56 million, a PE ratio of 9.05, a PEG ratio of 0.75 and a beta of 2.17.
GMS (NYSE:GMS) last posted its earnings results on Tuesday, December 4th. The company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.06). GMS had a return on equity of 17.36% and a net margin of 2.23%. The firm had revenue of $833.80 million for the quarter, compared to analyst estimates of $830.54 million. During the same quarter last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis.
Hedge funds have recently modified their holdings of the stock. Clearline Capital LP acquired a new position in GMS in the 2nd quarter valued at about $1,495,000. Davidson Kempner Capital Management LP increased its position in GMS by 116.7% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 325,000 shares of the company’s stock valued at $8,804,000 after acquiring an additional 175,000 shares during the period. Schwab Charles Investment Management Inc. increased its position in GMS by 16.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 370,607 shares of the company’s stock valued at $10,040,000 after acquiring an additional 51,400 shares during the period. Sei Investments Co. increased its position in GMS by 425.9% in the 2nd quarter. Sei Investments Co. now owns 22,889 shares of the company’s stock valued at $620,000 after acquiring an additional 18,537 shares during the period. Finally, Point72 Asset Management L.P. increased its position in GMS by 273.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 215,048 shares of the company’s stock valued at $5,826,000 after acquiring an additional 157,448 shares during the period. Hedge funds and other institutional investors own 74.69% of the company’s stock.
In related news, Director John J. Gavin purchased 4,150 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were purchased at an average price of $24.13 per share, for a total transaction of $100,139.50. Following the transaction, the director now directly owns 16,966 shares of the company’s stock, valued at approximately $409,389.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.90% 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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