GMS (NYSE:GMS) Posts Quarterly Earnings Results, Misses Expectations By $0.11 EPS

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

GMS Stock Performance

Shares of NYSE:GMS opened at $81.82 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.47 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $92.35 and a 200-day moving average price of $88.80. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 12.16 and a beta of 1.72. GMS has a 12 month low of $56.58 and a 12 month high of $101.04.

Insider Buying and Selling

In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at approximately $1,000,465.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GMS shares. Royal Bank of Canada dropped their price target on GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a research note on Friday. Truist Financial reduced their price target on shares of GMS from $105.00 to $95.00 and set a “hold” rating on the stock in a research report on Friday. 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 report on Friday. Loop Capital reduced their price objective on GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Barclays decreased their price objective on GMS from $93.00 to $81.00 and set an “equal weight” rating on the stock in a report on Friday. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, GMS presently has an average rating of “Moderate Buy” and an average target price of $88.88.

Check Out Our Latest Stock Analysis on GMS

About GMS

(Get Free Report)

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.

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Earnings History for GMS (NYSE:GMS)

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