SunTrust Banks Analysts Raise Earnings Estimates for GMS Inc. (GMS)
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.
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.
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