Q2 2018 Earnings Estimate for GMS Inc. Issued By SunTrust Banks (GMS)
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.
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.
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