GMS Inc. (NYSE:GMS) – Research analysts at SunTrust Banks raised their Q2 2018 earnings per share (EPS) estimates for shares of GMS in a research report issued on Thursday. SunTrust Banks analyst K. Hughes now forecasts that the company will post earnings of $0.54 per share for the quarter, up from their previous forecast of $0.51. SunTrust Banks also issued estimates for GMS’s Q3 2018 earnings at $0.42 EPS and FY2018 earnings at $2.03 EPS.

GMS (NYSE:GMS) last issued its earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The firm had revenue of $642.20 million for the quarter, compared to analyst estimates of $645.19 million. GMS had a return on equity of 14.13% and a net margin of 2.28%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share.

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A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised GMS from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Royal Bank Of Canada raised their price target on GMS from $34.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday. Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a 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 report on Monday, July 3rd. Finally, ValuEngine raised GMS from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. GMS currently has a consensus rating of “Buy” and a consensus price target of $36.33.

Shares of GMS (GMS) opened at 34.22 on Monday. GMS has a 52 week low of $20.23 and a 52 week high of $36.99. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.76 and a beta of 3.31. The firm has a 50 day moving average price of $30.28 and a 200 day moving average price of $32.11.

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in GMS during the first quarter valued at about $7,656,000. Bank of America Corp DE raised its holdings in GMS by 0.3% during the first quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock valued at $5,651,000 after acquiring an additional 489 shares during the period. JPMorgan Chase & Co. raised its holdings in GMS by 415.8% during the first quarter. JPMorgan Chase & Co. now owns 44,811 shares of the company’s stock valued at $1,570,000 after acquiring an additional 36,124 shares during the period. TFS Capital LLC bought a new stake in GMS during the first quarter valued at about $221,000. Finally, Bank of New York Mellon Corp raised its holdings in GMS by 49.4% during the first quarter. Bank of New York Mellon Corp now owns 45,055 shares of the company’s stock valued at $1,578,000 after acquiring an additional 14,893 shares during the period. 55.51% of the stock is currently owned by institutional investors and hedge funds.

GMS Company Profile

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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