GMS Stock Price, News & Analysis (NYSE:GMS)

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 brokers have issued 12 month target prices for GMS's shares. Their GMS share price targets range from $70.00 to $87.00. On average, they predict the company's share price to reach $78.13 in the next twelve months. This suggests a possible upside of 8.7% 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 44.3% and is now trading at $71.85.
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GMS saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 1,110,000 shares, a drop of 5.1% from the October 31st total of 1,170,000 shares. Based on an average daily volume of 282,500 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.8% of the shares of the company are short sold.
View GMS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our GMS earnings forecast.

GMS Inc. (NYSE:GMS) released its quarterly earnings results on Thursday, December, 7th. The company reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.04. The company earned $1.42 billion during the quarter, compared to analysts' expectations of $1.38 billion. GMS had a net margin of 6.14% and a trailing twelve-month return on equity of 30.62%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.79 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 IPO 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 served 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's stock is owned by a number of retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (4.03%), Federated Hermes Inc. (2.32%), Morgan Stanley (1.80%), Pzena Investment Management LLC (1.73%), FMR LLC (1.51%) and Northern Trust Corp (1.36%). 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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