GMS (GMS) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GMS in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GMS shares.
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6 Wall Street analysts have issued 12 month target prices for GMS's stock. Their GMS share price forecasts range from $68.00 to $87.00. On average, they expect the company's share price to reach $77.88 in the next year. This suggests a possible upside of 17.8% from the stock's current price.
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GMS's stock was trading at $49.80 at the beginning of the year. Since then, GMS stock has increased by 32.7% and is now trading at $66.08.
View the best growth stocks for 2023 here.

GMS saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 869,600 shares, a drop of 8.8% from the August 31st total of 954,000 shares. Based on an average daily trading volume, of 320,800 shares, the short-interest ratio is currently 2.7 days. Approximately 2.2% of the company's stock are sold short.
View GMS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our GMS earnings forecast.

GMS Inc. (NYSE:GMS) released its quarterly earnings results on Thursday, August, 31st. The company reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.39 by $0.01. The firm earned $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. GMS had a trailing twelve-month return on equity of 30.62% and a net margin of 6.14%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $2.43 earnings per share.

ETFs with the largest weight of GMS (NYSE:GMS) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Pacer US Small Cap Cash Cows 100 ETF (CALF), Harbor Corporate Culture Small Cap ETF (HAPS), Janus Henderson Small Cap Growth Alpha ETF (JSML), First Trust Small Cap Growth AlphaDEX Fund (FYC), Harbor Small Cap Explorer ETF (QWST) and Hartford Multifactor Small Cap ETF (ROSC).

11 employees have rated GMS Chief Executive Officer Michael Callahan on Glassdoor.com. Michael Callahan has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other GMS investors own include NVIDIA (NVDA), Deere & Company (DE), AT&T (T), Advanced Micro Devices (AMD), Alibaba Group (BABA), Micron Technology (MU), Weyerhaeuser (WY), Applied Materials (AMAT), Caterpillar (CAT) and D.R. Horton (DHI).

(GMS) raised $154 million in an initial public offering on Thursday, May 26th 2016. The company issued 7,000,000 shares at a price of $21.00-$23.00 per share. Barclays and Credit Suisse acted as the underwriters for the IPO and RBC Capital Markets, Baird, Wells Fargo Securities, SunTrust Robinson Humphrey, Raymond James and Stephens were co-managers.

GMS trades on the New York Stock Exchange (NYSE) under the ticker symbol "GMS."

GMS's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.58%), Coliseum Capital Management LLC (8.38%), Dimensional Fund Advisors LP (6.15%), State Street Corp (3.87%), Geode Capital Management LLC (1.98%) and Pzena Investment Management LLC (1.72%). Insiders that own company stock include Coliseum Capital Management, L, Craig D Apolinsky, George T Hendren, John C Turner Jr, John J Gavin, Peter C Browning, Theron I Gilliam and William Forrest Bell.
View institutional ownership trends.

Shares of GMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GMS stock can currently be purchased for approximately $66.08.

GMS (NYSE:GMS) has a market capitalization of $2.68 billion and generates $5.33 billion in revenue each year. The company earns $332.99 million in net income (profit) each year or $7.83 on an earnings per share basis.

The company employs 7,007 workers across the globe.

GMS's mailing address is 100 CRESCENT CENTRE PARKWAY SUITE 800, TUCKER GA, 30084. The official website for the company is www.gms.com. The company can be reached via phone at (800) 392-4619, via email at ir@gms.com, or via fax at 770-491-9487.