GMS Inc. (NYSE:GMS) – SunTrust Banks boosted their Q4 2018 earnings per share (EPS) estimates for GMS in a report released on Thursday. SunTrust Banks analyst K. Hughes now forecasts that the company will earn $0.60 per share for the quarter, up from their previous forecast of $0.58. SunTrust Banks also issued estimates for GMS’s Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $2.38 EPS.

A number of other equities research analysts have also commented on the company. ValuEngine upgraded GMS from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered GMS from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. Stephens decreased their price target on GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, July 3rd. Northcoast Research upgraded GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Monday, July 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $38.00 price target on shares of GMS in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $36.33.

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GMS (NYSE:GMS) traded down 0.12% during mid-day trading on Friday, hitting $34.46. The stock had a trading volume of 335,673 shares. GMS has a 1-year low of $20.23 and a 1-year high of $36.99. The stock has a 50 day moving average of $30.15 and a 200-day moving average of $32.10. The firm has a market cap of $1.41 billion, a P/E ratio of 28.96 and a beta of 3.31.

GMS (NYSE:GMS) last announced its earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $642.20 million for 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 for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS.

A number of large investors have recently bought and sold shares of the business. American International Group Inc. lifted its holdings in GMS by 7.0% during the 1st quarter. American International Group Inc. now owns 4,377 shares of the company’s stock worth $153,000 after buying an additional 288 shares in the last quarter. Bank of America Corp DE lifted its holdings in GMS by 0.3% during the 1st quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock worth $5,651,000 after buying an additional 489 shares in the last quarter. Sei Investments Co. lifted its holdings in GMS by 7.1% during the 2nd quarter. Sei Investments Co. now owns 15,073 shares of the company’s stock worth $424,000 after buying an additional 1,005 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in GMS by 0.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 376,000 shares of the company’s stock worth $10,565,000 after buying an additional 1,325 shares in the last quarter. Finally, Coe Capital Management LLC lifted its holdings in GMS by 5.5% during the 1st quarter. Coe Capital Management LLC now owns 27,540 shares of the company’s stock worth $965,000 after buying an additional 1,435 shares in the last quarter. 55.51% of the stock is currently owned by hedge funds and other 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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