GMS - GMS Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GMS in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GMS shares.
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6 brokers have issued 12-month target prices 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 $56.67 in the next twelve months. This suggests a possible upside of 43.6% from the stock's current price.
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GMS's stock was trading at $60.11 at the beginning of 2022. Since then, GMS shares have decreased by 34.4% and is now trading at $39.45.
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GMS saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 814,700 shares, a decrease of 8.4% from the August 15th total of 889,300 shares. Based on an average trading volume of 292,400 shares, the short-interest ratio is presently 2.8 days. Approximately 1.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our GMS earnings forecast.

GMS Inc. (NYSE:GMS) released its earnings results on Thursday, September, 1st. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.25 by $0.18. The business earned $1.36 billion during the quarter, compared to analysts' expectations of $1.35 billion. GMS had a trailing twelve-month return on equity of 34.71% and a net margin of 6.09%. The company's revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 earnings per share.

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

GMS's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Coliseum Capital Management LLC (14.38%), FMR LLC (5.27%), State Street Corp (3.40%), Federated Hermes Inc. (3.22%), Pzena Investment Management LLC (2.53%) and Littlejohn & Co. LLC (1.90%). Insiders that own company stock include Coliseum Capital Management, L, Craig D Apolinsky, John C Turner Jr, John J Gavin, Peter C Browning, Ronald R Ross and Theron I Gilliam.
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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 $39.45.

GMS (NYSE:GMS) has a market capitalization of $1.67 billion and generates $4.63 billion in revenue each year. The company earns $273.44 million in net income (profit) each year or $6.91 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.