GMS Inc (NYSE:GMS) – Equities research analysts at Seaport Global Securities decreased their Q3 2019 EPS estimates for shares of GMS in a research note issued on Monday, December 3rd. Seaport Global Securities analyst M. Mccall now expects that the company will earn $0.60 per share for the quarter, down from their previous estimate of $0.63. Seaport Global Securities also issued estimates for GMS’s Q4 2019 earnings at $0.86 EPS.
Other equities research analysts have also recently issued reports about the company. Raymond James lifted their price objective on GMS from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Nomura lifted their price objective on GMS from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, August 31st. SunTrust Banks lowered their price objective on GMS to $26.00 and set a “buy” rating on the stock in a report on Thursday. They noted that the move was a valuation call. Royal Bank of Canada set a $25.00 price objective on GMS and gave the stock a “buy” rating in a report on Thursday. Finally, Barclays set a $25.00 price objective on GMS and gave the stock a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. GMS has a consensus rating of “Buy” and an average price target of $32.10.
GMS stock opened at $18.20 on Wednesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.93 and a current ratio of 3.08. GMS has a 12-month low of $14.89 and a 12-month high of $39.98. The stock has a market capitalization of $708.82 million, a P/E ratio of 9.05, a PEG ratio of 0.75 and a beta of 2.17.
GMS (NYSE:GMS) last posted its earnings results on Tuesday, December 4th. The company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.06). GMS had a net margin of 2.23% and a return on equity of 17.74%. The business had revenue of $833.80 million for the quarter, compared to analyst estimates of $830.54 million. During the same quarter last year, the business earned $0.51 earnings per share. GMS’s revenue was up 28.7% on a year-over-year basis.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new position in GMS in the 3rd quarter worth approximately $13,353,000. Coe Capital Management LLC lifted its stake in GMS by 21.7% in the 3rd quarter. Coe Capital Management LLC now owns 34,915 shares of the company’s stock worth $810,000 after purchasing an additional 6,220 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in GMS by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 23,270 shares of the company’s stock worth $540,000 after purchasing an additional 8,277 shares in the last quarter. Verition Fund Management LLC purchased a new position in GMS in the 3rd quarter worth approximately $250,000. Finally, The Manufacturers Life Insurance Company lifted its stake in GMS by 2.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 859,548 shares of the company’s stock worth $19,942,000 after purchasing an additional 16,824 shares in the last quarter. 74.69% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director John J. Gavin acquired 4,150 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were bought at an average cost of $24.13 per share, for a total transaction of $100,139.50. Following the acquisition, the director now owns 16,966 shares in the company, valued at approximately $409,389.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.90% of the company’s stock.
GMS Company Profile
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.
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