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

GMS (NYSE:GMS) issued 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 company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%.

GMS Price Performance

NYSE: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 firm has a market cap of $2.88 billion, a price-to-earnings ratio of 13.63 and a beta of 1.73. The company’s 50-day moving average is $82.32 and its two-hundred day moving average is $88.90. GMS has a 12-month low of $65.88 and a 12-month high of $105.54.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GMS shares. Royal Bank of Canada dropped their price objective on GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research note on Friday. Robert W. Baird cut their price target on GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday. Loop Capital increased their price objective on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. DA Davidson cut their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Truist Financial reduced their price target on shares of GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.