DA Davidson Estimates GMS's FY2027 Earnings (NYSE:GMS)

GMS Inc. (NYSE:GMS - Free Report) - Investment analysts at DA Davidson issued their FY2027 EPS estimates for shares of GMS in a report issued on Friday, June 20th. DA Davidson analyst K. Yinger anticipates that the company will post earnings of $7.31 per share for the year. DA Davidson has a "Strong-Buy" rating on the stock. The consensus estimate for GMS's current full-year earnings is $7.26 per share.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird reissued a "neutral" rating and set a $95.00 price target (up from $93.00) on shares of GMS in a research report on Monday. Stephens upped their target price on shares of GMS from $90.00 to $95.00 and gave the company an "overweight" rating in a report on Friday. Raymond James Financial upped their target price on shares of GMS from $80.00 to $90.00 and gave the company an "outperform" rating in a report on Friday. Truist Financial upped their target price on shares of GMS from $80.00 to $105.00 and gave the company a "hold" rating in a report on Friday. Finally, Royal Bank Of Canada upped their target price on shares of GMS from $65.00 to $95.20 and gave the company a "sector perform" rating in a report on Tuesday, June 17th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $90.58.

GMS Stock Up 0.1%

GMS traded up $0.10 during trading on Monday, hitting $100.37. The company had a trading volume of 1,522,462 shares, compared to its average volume of 442,378. The firm's 50-day moving average price is $76.00 and its 200 day moving average price is $78.91. The company has a quick ratio of 1.17, a current ratio of 1.91 and a debt-to-equity ratio of 0.85. GMS has a one year low of $65.77 and a one year high of $105.54. The company has a market capitalization of $3.82 billion, a PE ratio of 34.73 and a beta of 1.62.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Wednesday, June 18th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.11 by $0.18. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.30 billion. GMS had a net margin of 2.09% and a return on equity of 16.97%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GMS. Rhumbline Advisers grew its stake in GMS by 2.0% in the 4th quarter. Rhumbline Advisers now owns 109,240 shares of the company's stock valued at $9,267,000 after buying an additional 2,180 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in GMS by 1.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 21,152 shares of the company's stock valued at $1,794,000 after buying an additional 347 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of GMS by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 220,249 shares of the company's stock worth $18,684,000 after purchasing an additional 7,001 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of GMS by 109.5% during the 4th quarter. New York State Common Retirement Fund now owns 26,053 shares of the company's stock worth $2,210,000 after purchasing an additional 13,615 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of GMS by 26.5% during the 4th quarter. Handelsbanken Fonder AB now owns 11,937 shares of the company's stock worth $1,013,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

Insider Activity at GMS

In related news, CEO John C. Turner, Jr. purchased 3,650 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the purchase, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. This represents a 5.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total transaction of $916,340.04. Following the completion of the transaction, the director now owns 31,507 shares in the company, valued at approximately $2,314,504.22. This trade represents a 28.36% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

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.