GMS (GMS) Earns Daily News Sentiment Rating of 0.08
Press coverage about GMS (NYSE:GMS) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. GMS earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.6355707164255 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of research analysts recently issued reports on GMS shares. ValuEngine upgraded GMS from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price objective on shares of GMS in a report on Monday, June 19th. Northcoast Research upgraded GMS from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Monday, July 3rd. Stephens decreased their price objective on GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. Finally, Zacks Investment Research downgraded GMS from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $36.17.
GMS (GMS) traded up 2.15% on Wednesday, reaching $31.80. The company’s stock had a trading volume of 419,104 shares. GMS has a 52-week low of $20.23 and a 52-week high of $36.99. The company has a market cap of $1.30 billion, a P/E ratio of 26.72 and a beta of 3.53. The firm’s 50-day moving average price is $29.35 and its 200 day moving average price is $31.90.
GMS (NYSE:GMS) last released its earnings results on Thursday, June 29th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. GMS had a net margin of 2.11% and a return on equity of 14.15%. The firm had revenue of $615 million during the quarter, compared to analyst estimates of $614.93 million. During the same period last year, the business earned $0.53 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. Equities analysts anticipate that GMS will post $1.99 EPS for the current fiscal year.
In other news, major shareholder Investors Lp Aea sold 2,902,129 shares of GMS stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $31.68, for a total transaction of $91,939,446.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard K. Mueller sold 1,000,000 shares of GMS stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $31.68, for a total transaction of $31,680,000.00. The disclosure for this sale can be found here. Insiders have sold 3,986,079 shares of company stock valued at $126,278,983 over the last quarter. Company insiders own 5.90% of the company’s stock.
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GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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