GMS Inc (NYSE:GMS) – Stock analysts at SunTrust Banks cut their FY2018 earnings per share estimates for shares of GMS in a research report issued to clients and investors on Friday. SunTrust Banks analyst K. Hughes now forecasts that the company will post earnings of $1.96 per share for the year, down from their prior estimate of $2.01. SunTrust Banks has a “Buy” rating and a $45.00 price objective on the stock. SunTrust Banks also issued estimates for GMS’s Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.65 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.42 EPS.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The company had revenue of $648.00 million for the quarter, compared to the consensus estimate of $662.03 million. GMS had a return on equity of 14.24% and a net margin of 2.26%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS.

GMS has been the subject of several other research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $46.00 price target on shares of GMS in a research note on Friday. Zacks Investment Research upgraded GMS from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, November 1st. ValuEngine downgraded GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Wells Fargo & Company initiated coverage on GMS in a research note on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price for the company. Finally, Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $39.63.

Shares of GMS (NYSE GMS) opened at $38.57 on Monday. The stock has a market capitalization of $1,582.56, a PE ratio of 21.67, a PEG ratio of 2.75 and a beta of 3.20. GMS has a 52 week low of $25.87 and a 52 week high of $39.98. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.70 and a current ratio of 2.62.

In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $34.52, for a total value of $431,500.00. Following the completion of the sale, the chief executive officer now owns 528,418 shares in the company, valued at approximately $18,240,989.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lynn Ross sold 1,894 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $34.77, for a total value of $65,854.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,676 shares of company stock valued at $7,488,934. 5.90% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in GMS. Geode Capital Management LLC lifted its position in shares of GMS by 203.8% in the 1st quarter. Geode Capital Management LLC now owns 141,483 shares of the company’s stock worth $4,957,000 after acquiring an additional 94,910 shares during the period. Morgan Stanley boosted its position in GMS by 92.0% in the 1st quarter. Morgan Stanley now owns 51,124 shares of the company’s stock valued at $1,792,000 after buying an additional 24,490 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in GMS by 38.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 112,569 shares of the company’s stock valued at $3,945,000 after buying an additional 31,102 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in GMS by 386.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock valued at $182,000 after buying an additional 4,123 shares during the last quarter. Finally, NGAM Advisors L.P. boosted its position in GMS by 206.9% in the 2nd quarter. NGAM Advisors L.P. now owns 42,128 shares of the company’s stock valued at $1,183,000 after buying an additional 28,401 shares during the last quarter. Institutional investors own 59.34% of the company’s stock.

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About GMS

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.

Earnings History and Estimates for GMS (NYSE:GMS)

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