DA Davidson Has Negative Outlook for GMS FY2025 Earnings

GMS Inc. (NYSE:GMS) – Equities research analysts at DA Davidson cut their FY2025 earnings per share estimates for GMS in a research note issued on Friday, December 6th. DA Davidson analyst K. Yinger now anticipates that the company will post earnings per share of $7.29 for the year, down from their previous forecast of $7.78. DA Davidson has a “Neutral” rating and a $94.00 price objective on the stock. The consensus estimate for GMS’s current full-year earnings is $7.95 per share. DA Davidson also issued estimates for GMS’s FY2026 earnings at $7.74 EPS.

Other equities analysts have also issued reports about the company. Robert W. Baird lowered their price target on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday. Truist Financial cut their target price on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $86.00 price target (up previously from $78.00) on shares of GMS in a research note on Friday. Barclays increased their price objective on shares of GMS from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, StockNews.com cut shares of GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, GMS has a consensus rating of “Hold” and an average target price of $93.25.

GMS Trading Down 0.7 %

Shares of GMS stock opened at $97.05 on Monday. GMS has a 1 year low of $68.13 and a 1 year high of $105.54. The company’s fifty day simple moving average is $95.68 and its 200-day simple moving average is $90.98. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 17.84 and a beta of 1.68. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.30 earnings per share.

Insider Activity at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the sale, the chief operating officer now owns 23,772 shares in the company, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On GMS

Several large investors have recently bought and sold shares of the company. Vestcor Inc lifted its holdings in GMS by 71.5% during the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock worth $1,298,000 after acquiring an additional 5,972 shares in the last quarter. Barclays PLC lifted its holdings in shares of GMS by 374.0% during the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after purchasing an additional 55,690 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of GMS by 16.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 42,901 shares of the company’s stock valued at $3,886,000 after purchasing an additional 5,936 shares in the last quarter. XTX Topco Ltd bought a new stake in GMS during the 3rd quarter worth approximately $1,437,000. Finally, Weiss Asset Management LP bought a new stake in GMS during the 3rd quarter worth approximately $12,490,000. Institutional investors own 95.28% 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.