GMS (GMS) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GMS in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GMS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GMS, but not buy additional shares or sell existing shares.
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7 Wall Street analysts have issued 12-month price targets for GMS's shares. Their GMS share price forecasts range from $46.00 to $70.00. On average, they expect the company's stock price to reach $62.00 in the next twelve months. This suggests that the stock has a possible downside of 7.0%.
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GMS's stock was trading at $49.80 at the start of the year. Since then, GMS shares have increased by 33.9% and is now trading at $66.67.
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GMS saw a increase in short interest in April. As of April 15th, there was short interest totaling 960,600 shares, an increase of 24.0% from the March 31st total of 774,700 shares. Based on an average daily volume of 248,500 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.3% of the company's stock are short sold.
View GMS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023.
View our GMS earnings forecast.

GMS Inc. (NYSE:GMS) released its quarterly earnings data on Thursday, March, 2nd. The company reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.86 by $0.01. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.21 billion. GMS had a net margin of 6.28% and a trailing twelve-month return on equity of 34.16%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share.

ETFs with the largest weight of GMS (NYSE:GMS) stock in their portfolio include Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco DWA Industrials Momentum ETF (PRN), Invesco S&P SmallCap Value with Momentum ETF (XSVM), First Trust Small Cap Growth AlphaDEX Fund (FYC), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and iShares S&P Small-Cap 600 Value ETF (IJS).

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 (IPO) on Thursday, May 26th 2016. The company issued 7,000,000 shares at $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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.63%), Dimensional Fund Advisors LP (6.18%), American Century Companies Inc. (4.61%), State Street Corp (3.87%), Pzena Investment Management LLC (2.29%) and FMR LLC (2.21%). 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 $66.67.

GMS (NYSE:GMS) has a market capitalization of $2.75 billion and generates $5.31 billion in revenue each year. The company earns $273.44 million in net income (profit) each year or $7.76 on an earnings per share basis.

The company employs 5,475 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.