GMS Inc. (NYSE:GMS) Expected to Earn Q1 2025 Earnings of $2.18 Per Share

GMS Inc. (NYSE:GMS) – Investment analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of GMS in a research note issued on Wednesday, June 26th. DA Davidson analyst K. Yinger forecasts that the company will earn $2.18 per share for the quarter. DA Davidson currently has a “Buy” rating and a $97.00 target price on the stock. The consensus estimate for GMS’s current full-year earnings is $8.70 per share. DA Davidson also issued estimates for GMS’s FY2025 earnings at $9.04 EPS.

A number of other equities research analysts have also recently commented on the stock. Loop Capital decreased their target price on shares of GMS from $100.00 to $85.00 and set a “hold” rating for the company in a research report on Friday, June 21st. StockNews.com cut shares of GMS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada decreased their target price on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a research report on Friday, June 21st. Robert W. Baird decreased their price target on shares of GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Finally, Truist Financial decreased their price target on shares of GMS from $105.00 to $95.00 and set a “hold” rating for the company in a report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.75.

GMS Trading Up 0.4 %

NYSE:GMS opened at $79.70 on Friday. GMS has a 52 week low of $56.58 and a 52 week high of $101.04. The firm has a 50 day moving average of $91.37 and a 200 day moving average of $88.91. The company has a quick ratio of 1.40, a current ratio of 2.17 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 11.84 and a beta of 1.72.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, June 20th. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.11). GMS had a return on equity of 24.05% and a net margin of 5.02%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company posted $2.11 EPS. GMS’s revenue for the quarter was up 8.4% on a year-over-year basis.

Institutional Trading of GMS

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC increased its stake in shares of GMS by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 10,231 shares of the company’s stock worth $843,000 after acquiring an additional 136 shares during the period. QRG Capital Management Inc. increased its stake in shares of GMS by 2.0% in the first quarter. QRG Capital Management Inc. now owns 8,070 shares of the company’s stock worth $786,000 after acquiring an additional 160 shares during the period. Pitcairn Co. increased its stake in shares of GMS by 2.5% in the first quarter. Pitcairn Co. now owns 6,614 shares of the company’s stock worth $644,000 after acquiring an additional 160 shares during the period. Blue Trust Inc. increased its stake in shares of GMS by 131.1% in the fourth quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 211 shares during the period. Finally, Hexagon Capital Partners LLC increased its stake in shares of GMS by 233.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock worth $35,000 after acquiring an additional 301 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

About GMS

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.