GMS (NYSE:GMS) Posts Quarterly Earnings Results, Misses Expectations By $0.47 EPS

GMS (NYSE:GMS) announced its earnings results on Thursday. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47), Zacks reports. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%.

GMS Price Performance

Shares of GMS opened at $74.17 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The stock’s 50 day moving average is $82.32 and its two-hundred day moving average is $88.90. GMS has a twelve month low of $65.88 and a twelve month high of $105.54. The firm has a market capitalization of $2.88 billion, a PE ratio of 13.63 and a beta of 1.73.

Wall Street Analysts Forecast Growth

GMS has been the subject of several research analyst reports. DA Davidson decreased their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a report on Friday. Truist Financial decreased their price target on shares of GMS from $97.00 to $80.00 and set a “hold” rating for the company in a research note on Friday. Royal Bank of Canada dropped their price objective on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Friday. Barclays decreased their target price on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, Robert W. Baird reduced their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $83.71.

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.