GMS Inc. (NYSE:GMS) – Stock analysts at SunTrust Banks reduced their Q2 2018 earnings per share (EPS) estimates for GMS in a report issued on Monday. SunTrust Banks analyst K. Hughes now expects that the company will earn $0.52 per share for the quarter, down from their previous forecast of $0.54. SunTrust Banks also issued estimates for GMS’s FY2018 earnings at $2.01 EPS.

A number of other brokerages also recently weighed in on GMS. Royal Bank Of Canada increased their price target on shares of GMS from $34.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Stephens dropped their price objective on shares of GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. Finally, Northcoast Research raised shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 price objective 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 assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $36.33.

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GMS (NYSE GMS) traded up 0.87% during midday trading on Wednesday, hitting $35.86. The company had a trading volume of 116,689 shares. GMS has a one year low of $20.51 and a one year high of $36.08. The company’s 50 day moving average is $34.51 and its 200-day moving average is $34.51. The company has a market cap of $1.47 billion, a P/E ratio of 27.46 and a beta of 3.40.

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

In other news, insider Lynn Ross sold 1,894 shares of GMS stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $34.73, for a total transaction of $434,125.00. Following the sale, the chief executive officer now owns 528,418 shares in the company, valued at $18,351,957.14. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. raised its position in GMS by 7.0% in the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock worth $153,000 after purchasing an additional 288 shares in the last quarter. Legal & General Group Plc lifted its stake in GMS by 403.2% during the second quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock worth $160,000 after purchasing an additional 4,504 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in GMS by 386.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock worth $182,000 after purchasing an additional 4,123 shares during the period. UBS Asset Management Americas Inc. bought a new position in GMS during the second quarter worth about $242,000. Finally, Tudor Investment Corp ET AL bought a new position in GMS during the second quarter worth about $248,000. 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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