GMS - GMS Stock Forecast, Price & News

GMS Inc. distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings. It also provides steel framing products, such as steel tracks, studs, and various other steel products used to frame the interior walls of a commercial or institutional building; and insulation, lumber and other wood products, ready-mix joint compound, and various other interior construction products, as well as ancillary products comprising tools, fasteners, and safety products. In addition, the company distributes acoustical ceilings, steel framing, insulation, and related building products, as well as commercial and residential building materials. It serves professional contractors and homebuilders. As of April 30, 2022, the company operated 300 branches across 44 states and the District of Columbia, as well as 6 provinces in Canada. It also operates a network of approximately 300 distribution centers. GMS Inc. was founded in 1971 and is headquartered in Tucker, Georgia.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada lowered shares of GMS from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $73.00 to $46.00 in a report on Wednesday, June 22nd. Truist Financial cut their price objective on shares of GMS from $65.00 to $50.00 and set a "buy" rating for the company in a report on Friday, June 24th. Robert W. Baird cut their price objective on shares of GMS from $68.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, June 24th. StockNews.com raised shares of GMS from a "buy" rating to a "strong-buy" rating in a report on Monday, June 27th. Finally, Raymond James reissued an "outperform" rating and issued a $70.00 target price (down from $72.00) on shares of GMS in a report on Friday, June 24th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, GMS has an average rating of "Moderate Buy" and an average target price of $57.33.

GMS Stock Up 0.4 %

Shares of GMS opened at $54.95 on Tuesday. The company has a market cap of $2.34 billion, a PE ratio of 8.82 and a beta of 1.85. The business has a fifty day moving average of $47.56 and a 200 day moving average of $49.32. GMS has a 52-week low of $36.10 and a 52-week high of $61.79. The company has a quick ratio of 1.27, a current ratio of 2.06 and a debt-to-equity ratio of 1.07.

GMS (NYSE:GMS - Get Rating) last issued its quarterly earnings results on Thursday, June 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $0.22. GMS had a return on equity of 33.76% and a net margin of 5.90%. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, sell-side analysts expect that GMS will post 7.7 EPS for the current year.

Insider Buying and Selling

In other GMS news, major shareholder Coliseum Capital Management, L bought 93,897 shares of the firm's stock in a transaction dated Wednesday, June 22nd. The stock was acquired at an average cost of $38.72 per share, for a total transaction of $3,635,691.84. Following the completion of the transaction, the insider now owns 6,031,573 shares in the company, valued at $233,542,506.56. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is owned by corporate insiders.