GMS (GMS) Releases Earnings Results, Misses Estimates By $0.03 EPS
GMS (NYSE:GMS) issued its earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03), Bloomberg Earnings reports. The company had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $662.03 million. GMS had a net margin of 2.28% and a return on equity of 14.13%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share.
GMS (NYSE:GMS) opened at $38.82 on Friday. The company has a market capitalization of $1,640.00 and a P/E ratio of 22.15. The company has a current ratio of 2.80, a quick ratio of 1.82 and a debt-to-equity ratio of 1.11. GMS has a 52-week low of $25.87 and a 52-week high of $39.98.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Company assumed coverage on GMS in a report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price for the company. ValuEngine cut GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Royal Bank Of Canada restated a “buy” rating and set a $39.00 target price on shares of GMS in a report on Tuesday, October 10th. Finally, Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of GMS in a report on Monday, October 9th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.38.
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.
Receive News & Ratings for GMS Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS Inc and related companies with MarketBeat.com's FREE daily email newsletter.