GMS (GMS) Projected to Post Quarterly Earnings on Thursday

GMS (NYSE:GMS - Get Free Report) 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 that wish to register for the company's conference call can do so using this link.

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

GMS Trading Up 0.3 %

Shares of GMS stock traded up $0.22 on Friday, hitting $79.58. 362,039 shares of the company's stock traded hands, compared to its average volume of 356,275. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 14.63 and a beta of 1.72. The company's fifty day simple moving average is $83.29 and its 200 day simple moving average is $89.41. GMS has a one year low of $77.14 and a one year high of $105.54.

Analyst Ratings Changes

Several research firms have recently commented on GMS. Barclays decreased their price objective on GMS from $93.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Robert W. Baird decreased their price target on GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, December 6th. Loop Capital increased their price objective on GMS from $85.00 to $93.00 and gave the company a "hold" rating in a research note on Monday, November 25th. DA Davidson decreased their target price on shares of GMS from $97.00 to $94.00 and set a "neutral" rating on the stock in a research note on Friday, December 6th. Finally, Truist Financial upped their price target on shares of GMS from $90.00 to $97.00 and gave the company a "hold" rating in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $93.57.

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.