GMS (NYSE:GMS) Releases Earnings Results, Misses Estimates By $0.47 EPS

GMS (NYSE:GMS) issued its earnings results on Thursday. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47), Zacks reports. GMS had a return on equity of 20.67% and a net margin of 3.92%.

GMS Stock Performance

GMS stock traded down $6.84 during mid-day trading on Thursday, hitting $71.97. 706,309 shares of the company were exchanged, compared to its average volume of 375,337. GMS has a 1-year low of $65.88 and a 1-year high of $105.54. The business has a 50 day simple moving average of $82.80 and a 200-day simple moving average of $89.13. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $2.79 billion, a PE ratio of 13.41 and a beta of 1.73.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GMS. Royal Bank of Canada restated a “sector perform” rating and issued a $86.00 target price (up from $78.00) on shares of GMS in a research note on Friday, December 6th. DA Davidson cut their target price on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Barclays reduced their price objective on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Loop Capital lifted their price objective on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. Finally, Truist Financial increased their target price on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $93.57.

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.