GMS (GMS) to Release Quarterly Earnings on Thursday

GMS (NYSE:GMS) is expected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $1.39 per share and revenue of $1.29 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.24). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.30 earnings per share. On average, analysts expect GMS to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

GMS Trading Down 1.5 %

Shares of NYSE:GMS opened at $78.39 on Tuesday. GMS has a 52-week low of $77.14 and a 52-week high of $105.54. The company has a market cap of $3.04 billion, a P/E ratio of 14.41 and a beta of 1.72. The stock’s 50-day moving average is $83.29 and its 200-day moving average is $89.41. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays decreased their target price on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Truist Financial lifted their target price on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Robert W. Baird decreased their target price on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. DA Davidson decreased their target price on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of GMS in a research report on Friday, December 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $93.57.

GMS Company Profile

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.