GMS Inc. (NYSE:GMS) – Equities researchers at Seaport Global Securities lifted their Q2 2018 earnings per share estimates for shares of GMS in a research report issued on Wednesday. Seaport Global Securities analyst M. Mccall now expects that the company will post earnings per share of $0.57 for the quarter, up from their previous estimate of $0.55. Seaport Global Securities also issued estimates for GMS’s Q4 2018 earnings at $0.61 EPS.

GMS (NYSE:GMS) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $642.20 million during the quarter, compared to the consensus estimate of $645.19 million. GMS had a return on equity of 14.33% and a net margin of 2.28%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS.

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Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded GMS from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and set a $38.00 price objective on shares of GMS in a report on Monday, June 19th. Zacks Investment Research cut GMS from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. Northcoast Research upgraded GMS from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Monday, July 3rd. Finally, Stephens dropped their price target on shares of GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, July 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $36.33.

Shares of GMS (NYSE GMS) opened at 34.00 on Friday. GMS has a 1-year low of $20.23 and a 1-year high of $36.99. The stock’s 50 day moving average price is $30.15 and its 200 day moving average price is $32.10. The company has a market cap of $1.39 billion, a P/E ratio of 28.57 and a beta of 3.31.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of GMS by 17.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock worth $64,976,000 after purchasing an additional 339,051 shares in the last quarter. Citadel Advisors LLC increased its stake in GMS by 3.2% in the 2nd quarter. Citadel Advisors LLC now owns 1,199,845 shares of the company’s stock valued at $33,716,000 after buying an additional 37,668 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in GMS by 6.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,143,477 shares of the company’s stock valued at $40,067,000 after buying an additional 66,383 shares during the last quarter. Wells Fargo & Company MN increased its stake in GMS by 43.4% in the 2nd quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock valued at $26,994,000 after buying an additional 290,711 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in GMS by 1,659.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after buying an additional 780,368 shares during the last quarter. 55.51% of the stock is currently owned by institutional investors.

About GMS

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Earnings History and Estimates for GMS (NYSE:GMS)

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