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.

In other GMS news, CFO H Douglas Goforth sold 102,282 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $37.57, for a total transaction of $3,842,734.74. Following the completion of the transaction, the chief financial officer now owns 82,563 shares of the company’s stock, valued at approximately $3,101,891.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $35.30, for a total value of $441,250.00. Following the transaction, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at approximately $18,653,155.40. The disclosure for this sale can be found here. Insiders have sold a total of 202,676 shares of company stock valued at $7,488,934 in the last ninety days. 5.90% of the stock is currently owned by corporate insiders.

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About GMS

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 for GMS (NYSE:GMS)

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