GMS - GMS Stock Forecast, Price & News

7 Wall Street equities research 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 equities research 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 brokers have issued 12 month price objectives for GMS's shares. Their GMS share price forecasts range from $46.00 to $70.00. On average, they anticipate the company's share price to reach $62.00 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
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GMS's stock was trading at $49.80 at the beginning of 2023. Since then, GMS shares have increased by 8.7% and is now trading at $54.13.
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GMS saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,170,000 shares, an increase of 11.4% from the February 13th total of 1,050,000 shares. Based on an average trading volume of 262,700 shares, the short-interest ratio is presently 4.5 days. Approximately 2.9% of the shares of the company are sold short.
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) issued its quarterly earnings results on Thursday, March, 2nd. The company reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.86 by $0.01. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.21 billion. GMS had a trailing twelve-month return on equity of 34.16% and a net margin of 6.28%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $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), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco S&P SmallCap Value with Momentum ETF (XSVM), First Trust Small Cap Growth AlphaDEX Fund (FYC), Janus Henderson Small Cap Growth Alpha ETF (JSML), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and Invesco S&P SmallCap 600 Pure Value ETF (RZV).

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 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 institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.03%), American Century Companies Inc. (4.14%), Pzena Investment Management LLC (2.43%), Geode Capital Management LLC (1.81%), Charles Schwab Investment Management Inc. (1.27%) and Morgan Stanley (1.26%). 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, Ronald R Ross, 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 $54.13.

GMS (NYSE:GMS) has a market capitalization of $2.24 billion and generates $4.63 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.