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

GMS (NYSE:GMS - Get Free Report) issued its earnings results on Thursday. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47), Zacks reports. The firm 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

GMS traded down $1.13 during midday trading on Monday, reaching $72.89. 628,739 shares of the company's stock were exchanged, compared to its average volume of 395,105. GMS has a 1-year low of $65.88 and a 1-year high of $105.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The business's 50-day moving average price is $82.32 and its 200 day moving average price is $88.85. The stock has a market capitalization of $2.83 billion, a PE ratio of 13.40 and a beta of 1.73.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GMS shares. Royal Bank of Canada lowered their price objective on GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a report on Friday. Truist Financial decreased their price target on GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday. UBS Group set a $80.00 price objective on GMS in a research report on Friday. Robert W. Baird decreased their target price on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Loop Capital cut their price target on shares of GMS from $93.00 to $80.00 and set a "hold" rating for the company in a report on Monday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $80.50.

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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.