FY2027 Earnings Forecast for GMS Issued By DA Davidson

GMS Inc. (NYSE:GMS) – Investment analysts at DA Davidson issued their FY2027 earnings per share (EPS) estimates for GMS in a report issued on Friday, June 20th. DA Davidson analyst K. Yinger anticipates that the company will earn $7.31 per share for the year. DA Davidson has a “Strong-Buy” rating on the stock. The consensus estimate for GMS’s current full-year earnings is $7.26 per share.

GMS has been the topic of several other reports. Stephens upped their price target on shares of GMS from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird set a $93.00 price objective on GMS in a report on Tuesday, June 17th. Loop Capital lowered their target price on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. Raymond James Financial raised their target price on GMS from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Royal Bank Of Canada lifted their price target on GMS from $65.00 to $95.20 and gave the company a “sector perform” rating in a research report on Tuesday, June 17th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.36.

GMS Stock Up 24.2%

NYSE:GMS opened at $100.62 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. The company’s fifty day moving average price is $75.45 and its 200-day moving average price is $78.88. GMS has a 1-year low of $65.77 and a 1-year high of $105.54. The firm has a market capitalization of $3.83 billion, a P/E ratio of 34.82 and a beta of 1.62.

GMS (NYSE:GMS) last announced its quarterly earnings data on Wednesday, June 18th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.11 by $0.18. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 billion. GMS had a net margin of 2.09% and a return on equity of 16.97%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.93 EPS.

Institutional Investors Weigh In On GMS

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of GMS by 38.7% during the fourth quarter. FMR LLC now owns 5,868,782 shares of the company’s stock worth $497,849,000 after buying an additional 1,636,612 shares in the last quarter. Coliseum Capital Management LLC lifted its stake in GMS by 81.9% during the first quarter. Coliseum Capital Management LLC now owns 3,437,488 shares of the company’s stock worth $251,521,000 after purchasing an additional 1,547,999 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in GMS by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,154,021 shares of the company’s stock worth $157,609,000 after purchasing an additional 31,230 shares in the last quarter. American Century Companies Inc. boosted its position in shares of GMS by 12.9% during the first quarter. American Century Companies Inc. now owns 1,660,194 shares of the company’s stock worth $121,476,000 after buying an additional 189,760 shares during the period. Finally, Westwood Holdings Group Inc. grew its stake in shares of GMS by 29.4% in the first quarter. Westwood Holdings Group Inc. now owns 933,262 shares of the company’s stock valued at $68,287,000 after buying an additional 212,128 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Insiders Place Their Bets

In other GMS news, CEO John C. Turner, Jr. purchased 3,650 shares of the stock in a transaction on Monday, April 7th. The shares were bought at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the transaction, the chief executive officer now owns 66,928 shares of the company’s stock, valued at $4,684,960. This trade represents a 5.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Theron I. Gilliam sold 12,474 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the completion of the sale, the director now directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. The trade was a 28.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

GMS Company Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.