GMS Inc. (NYSE:GMS) – Equities researchers at SunTrust Banks boosted their Q4 2018 earnings per share estimates for GMS in a report released on Monday. SunTrust Banks analyst K. Hughes now anticipates that the firm will earn $0.61 per share for the quarter, up from their prior forecast of $0.60. SunTrust Banks has a “Buy” rating and a $28.00 price objective on the stock.
GMS (NYSE:GMS) last released its quarterly earnings data on Tuesday, September 13th. The company reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The company earned $549.80 million during the quarter. The company’s quarterly revenue was up 21.5% on a year-over-year basis.
Several other research analysts also recently weighed in on GMS. Zacks Investment Research raised shares of GMS from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Wednesday. Royal Bank Of Canada dropped their target price on shares of GMS from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, September 14th. Credit Suisse Group AG started coverage on shares of GMS in a report on Monday, June 20th. They issued an “outperform” rating and a $26.00 target price for the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $26.00 target price (down previously from $28.00) on shares of GMS in a report on Wednesday, September 14th. Finally, Raymond James Financial Inc. started coverage on shares of GMS in a report on Monday, June 20th. They issued an “outperform” rating and a $26.00 target price for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $26.00.
GMS (NYSE:GMS) traded up 1.81% on Tuesday, hitting $22.56. The stock had a trading volume of 103,278 shares. The company’s 50 day moving average price is $23.13 and its 200 day moving average price is $23.21. The firm has a market cap of $923.65 million and a price-to-earnings ratio of 41.24. GMS has a 52-week low of $19.28 and a 52-week high of $26.42.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA bought a new position in GMS during the second quarter valued at approximately $16,736,000. American Century Companies Inc. acquired a new stake in shares of GMS during the second quarter valued at about $13,442,000. Citadel Advisors LLC acquired a new stake in shares of GMS during the second quarter valued at about $11,090,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of GMS during the second quarter valued at about $10,583,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of GMS during the second quarter valued at about $10,404,000. 19.72% of the stock is owned by institutional investors and hedge funds.
GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems. The Company’s seven segments include Central, Northeast, Southern, Southeast, Southwest and Western, Tool Source Warehouse, Inc and other. It offers wallboard, which is used in building products for interior and exterior walls, and ceilings in residential and commercial structures.
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