GMS (GMS) to Release Earnings on Thursday

GMS (NYSE:GMS) is expected to be releasing its earnings data before the market opens on Thursday, March 6th. Analysts expect GMS to post earnings of $1.39 per share and revenue of $1.29 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

GMS (NYSE:GMS) last announced 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 company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 EPS. On average, analysts expect GMS to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

GMS Stock Down 1.7 %

GMS stock opened at $79.75 on Thursday. 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 company’s 50-day moving average price is $83.54 and its 200 day moving average price is $89.54. GMS has a 52 week low of $77.14 and a 52 week high of $105.54. The company has a market cap of $3.10 billion, a P/E ratio of 14.66 and a beta of 1.72.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GMS. Royal Bank of Canada restated a “sector perform” rating and issued a $86.00 price target (up previously from $78.00) on shares of GMS in a report on Friday, December 6th. Loop Capital upped their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Truist Financial lifted their price target on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Barclays lowered 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. Finally, DA Davidson dropped their target price on shares of GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, GMS has an average rating of “Hold” and a consensus price target 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.