GMS - GMS Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GMS in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GMS shares.
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5 Wall Street analysts have issued 12-month price objectives for GMS's stock. Their GMS share price forecasts range from $46.00 to $70.00. On average, they anticipate the company's stock price to reach $56.00 in the next twelve months. This suggests a possible upside of 14.4% 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 stock has decreased by 18.5% and is now trading at $48.97.
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GMS saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 735,100 shares, a decrease of 29.3% from the October 31st total of 1,040,000 shares. Based on an average daily volume of 245,500 shares, the short-interest ratio is currently 3.0 days. Approximately 1.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our GMS earnings forecast.

GMS will be holding an earnings conference call on Thursday, December 8th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13733586".

GMS Inc. (NYSE:GMS) announced its earnings results on Thursday, December, 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.40. The company earned $1.15 billion during the quarter, compared to analysts' expectations of $1.06 billion. GMS had a trailing twelve-month return on equity of 34.71% and a net margin of 6.09%. The business's revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS.

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (16.29%), Coliseum Capital Management LLC (14.94%), Vanguard Group Inc. (12.36%), Dimensional Fund Advisors LP (5.60%), State Street Corp (3.43%) and Pzena Investment Management LLC (2.48%). 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 and Theron I Gilliam.
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 $48.97.

GMS (NYSE:GMS) has a market capitalization of $2.08 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.