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

GMS (NYSE:GMS) posted its quarterly earnings results on Thursday. The company reported $0.92 earnings per share 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 traded down $6.85 on Thursday, hitting $71.96. 620,007 shares of the company traded hands, compared to its average volume of 372,013. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average of $82.80 and a 200-day moving average of $89.13. GMS has a 12-month low of $65.88 and a 12-month high of $105.54. The stock has a market capitalization of $2.79 billion, a PE ratio of 13.25 and a beta of 1.73.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GMS shares. Royal Bank of Canada reissued 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. Robert W. Baird reduced their price target on shares of GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. DA Davidson decreased their price objective 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. Truist Financial lifted their price target on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Barclays lowered their target price on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, GMS has a consensus rating of “Hold” and an average 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.