GMS Inc (NYSE:GMS) – Research analysts at Northcoast Research upped their FY2019 earnings estimates for shares of GMS in a report issued on Wednesday. Northcoast Research analyst K. Hocevar now anticipates that the company will post earnings per share of $2.75 for the year, up from their prior forecast of $2.40. Northcoast Research currently has a “Buy” rating and a $41.00 target price on the stock. Northcoast Research also issued estimates for GMS’s FY2020 earnings at $3.05 EPS.
A number of other analysts have also recently commented on GMS. Zacks Investment Research cut GMS from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. ValuEngine cut GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Royal Bank of Canada reissued a “buy” rating and set a $46.00 target price on shares of GMS in a research note on Friday, December 8th. Barclays set a $43.00 target price on GMS and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, SunTrust Banks increased their target price on GMS to $45.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $38.89.
GMS (NYSE:GMS) last announced its quarterly earnings results on Tuesday, March 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). The company had revenue of $585.60 million during the quarter, compared to the consensus estimate of $602.08 million. GMS had a net margin of 2.70% and a return on equity of 12.75%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share.
In related news, insider G Michael Callahan, Jr. sold 33,333 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.17, for a total transaction of $1,072,322.61. Following the completion of the sale, the insider now directly owns 461,752 shares of the company’s stock, valued at approximately $14,854,561.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $31.77, for a total value of $397,125.00. Following the sale, the insider now directly owns 461,752 shares of the company’s stock, valued at $14,669,861.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,104,166 shares of company stock valued at $193,903,602. 5.90% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GMS. BlackRock Inc. grew its stake in shares of GMS by 1.1% during the 4th quarter. BlackRock Inc. now owns 1,688,986 shares of the company’s stock worth $63,572,000 after acquiring an additional 17,668 shares in the last quarter. Copper Rock Capital Partners LLC grew its stake in shares of GMS by 47.4% during the 4th quarter. Copper Rock Capital Partners LLC now owns 1,165,143 shares of the company’s stock worth $43,798,000 after acquiring an additional 374,438 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of GMS by 141.4% during the 4th quarter. Citadel Advisors LLC now owns 974,060 shares of the company’s stock worth $36,664,000 after acquiring an additional 570,485 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of GMS by 0.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 934,761 shares of the company’s stock worth $35,184,000 after acquiring an additional 6,666 shares in the last quarter. Finally, Emerald Advisers Inc. PA grew its stake in shares of GMS by 9.0% during the 4th quarter. Emerald Advisers Inc. PA now owns 893,394 shares of the company’s stock worth $33,627,000 after acquiring an additional 73,607 shares in the last quarter. 72.83% of the stock is owned by institutional investors and hedge funds.
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GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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