GMS (NYSE:GMS) Given Daily News Sentiment Score of 0.08
Media coverage about GMS (NYSE:GMS) has been trending somewhat positive on Sunday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. GMS earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1202909465739 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of GMS (NYSE GMS) opened at 29.56 on Friday. The firm has a market capitalization of $1.21 billion, a PE ratio of 24.84 and a beta of 3.53. GMS has a 1-year low of $20.23 and a 1-year high of $36.99. The firm’s 50 day moving average is $29.42 and its 200 day moving average is $31.96.
GMS (NYSE:GMS) last issued its earnings results on Thursday, June 29th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $615 million for the quarter, compared to the consensus estimate of $614.93 million. GMS had a return on equity of 14.15% and a net margin of 2.11%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Analysts anticipate that GMS will post $1.99 EPS for the current fiscal year.
Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of GMS from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. Stephens dropped their target price on shares of GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. Northcoast Research upgraded shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a report on Monday, July 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price target on shares of GMS in a research note on Monday, June 19th. Finally, ValuEngine raised shares of GMS from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. GMS currently has an average rating of “Buy” and a consensus target price of $36.17.
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In other news, Chairman Richard K. Mueller sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $31.68, for a total value of $31,680,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Investors Lp Aea sold 2,902,129 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $31.68, for a total value of $91,939,446.72. The disclosure for this sale can be found here. Insiders sold a total of 3,986,079 shares of company stock worth $126,278,983 in the last quarter.
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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