Q2 2018 EPS Estimates for GMS Inc. Reduced by Analyst (GMS)
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.
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