GMS (GMS) Getting Somewhat Positive News Coverage, Analysis Shows
Media coverage about GMS (NYSE:GMS) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GMS earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.5591879980627 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.
These are some of the media headlines that may have effected Accern’s rankings:
- GMS : Expands Footprint in Western Pennsylvania (4-traders.com)
- Cyclone S1U401-MD Rack Mount Servers feature two add-in PCIe expansion slots. (news.thomasnet.com)
- U.S. Army Awards General Micro Systems Up to $88 Million Contract for Rugged Server and Display System, Putting Leading-Edge Technology on the Battlefield for the First Time (businesswire.com)
- Washington building supplier acquired by national company (bizjournals.com)
- GMS builds servers, displays for mine clearing (militaryaerospace.com)
GMS (NYSE GMS) traded down 0.71% during mid-day trading on Wednesday, hitting $34.94. The company’s stock had a trading volume of 284,688 shares. GMS has a 12-month low of $20.51 and a 12-month high of $36.99. The company has a market cap of $1.43 billion, a P/E ratio of 26.67 and a beta of 3.40. The firm’s 50-day moving average is $34.75 and its 200-day moving average is $34.75.
GMS (NYSE:GMS) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The firm had revenue of $642.20 million during the quarter, compared to analyst estimates of $645.19 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts predict that GMS will post $2.01 EPS for the current fiscal year.
A number of analysts have commented on GMS shares. Royal Bank Of Canada lifted their target price on GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, September 7th. Zacks Investment Research raised GMS from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a report on Monday, July 3rd. Robert W. Baird reissued a “buy” rating and issued a $37.00 target price on shares of GMS in a report on Monday. Finally, Stephens reduced their target price on GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.60.
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In related news, insider Lynn Ross sold 1,894 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $34.77, for a total value of $65,854.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $34.73, for a total value of $434,125.00. Following the completion of the transaction, the chief executive officer now owns 528,418 shares of the company’s stock, valued at approximately $18,351,957.14. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.
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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