News headlines about GMS (NYSE:GMS) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. GMS earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.7958465301581 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
Several analysts have recently commented on GMS shares. Barclays set a $43.00 target price on shares of GMS and gave the company a “buy” rating in a report on Friday, December 8th. SunTrust Banks reiterated a “buy” rating and issued a $40.00 target price on shares of GMS in a report on Tuesday, March 6th. They noted that the move was a valuation call. Seaport Global Securities upgraded shares of GMS from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday. They noted that the move was a valuation call. Royal Bank of Canada set a $38.00 target price on shares of GMS and gave the company a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. GMS has a consensus rating of “Buy” and a consensus price target of $38.89.
Shares of GMS (NYSE:GMS) opened at $33.68 on Friday. GMS has a 1-year low of $27.20 and a 1-year high of $39.98. The company has a current ratio of 2.91, a quick ratio of 1.70 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1,381.92, a PE ratio of 21.05, a P/E/G ratio of 2.40 and a beta of 1.70.
GMS (NYSE:GMS) last posted its quarterly earnings data on Tuesday, March 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). GMS had a return on equity of 12.75% and a net margin of 2.70%. The company had revenue of $585.60 million for the quarter, compared to analysts’ expectations of $602.08 million. During the same quarter last year, the business posted $0.32 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. analysts forecast that GMS will post 2 EPS for the current fiscal year.
In related news, major shareholder Investors Lp Aea sold 4,500,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.05, for a total transaction of $171,225,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $31.77, for a total transaction of $397,125.00. Following the sale, the insider now owns 461,752 shares of the company’s stock, valued at approximately $14,669,861.04. The disclosure for this sale can be found here. Insiders have sold 5,104,166 shares of company stock valued at $193,903,602 in the last 90 days. 5.90% of the stock is currently owned by corporate insiders.
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.