SunTrust Banks Equities Analysts Boost Earnings Estimates for GMS Inc. (GMS)
GMS Inc. (NYSE:GMS) – Stock analysts at SunTrust Banks raised their Q4 2018 earnings per share (EPS) estimates for GMS in a report issued on Monday. SunTrust Banks analyst K. Hughes now anticipates that the brokerage will post earnings of $0.61 per share for the quarter, up from their prior forecast of $0.60. SunTrust Banks currently has a “Buy” rating and a $28.00 price objective on the stock.
GMS (NYSE:GMS) last posted its earnings results on Tuesday, September 13th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The firm earned $549.80 million during the quarter. The business’s revenue was up 21.5% compared to the same quarter last year.
GMS has been the subject of several other reports. Royal Bank Of Canada boosted their price objective on shares of GMS from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, July 13th. Robert W. Baird reissued a “neutral” rating and set a $25.00 price objective on shares of GMS in a report on Thursday, September 1st. Zacks Investment Research raised shares of GMS from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, September 15th. RBC Capital Markets reissued an “outperform” rating and set a $26.00 price objective (down from $28.00) on shares of GMS in a report on Wednesday, September 14th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of GMS in a report on Tuesday, June 28th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $26.00.
GMS (NYSE:GMS) traded down 0.7026% during mid-day trading on Tuesday, reaching $22.1731. 2,925 shares of the company’s stock traded hands. GMS has a 12-month low of $19.28 and a 12-month high of $26.42. The company has a market cap of $907.81 million and a P/E ratio of 40.5358. The stock has a 50 day moving average of $23.11 and a 200 day moving average of $23.20.
A number of hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA acquired a new stake in shares of GMS during the second quarter valued at about $16,736,000. American Century Companies Inc. acquired a new stake in shares of GMS during the second quarter valued at about $13,442,000. Citadel Advisors LLC acquired a new stake in shares of GMS during the second quarter valued at about $11,090,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of GMS during the second quarter valued at about $10,583,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of GMS during the second quarter valued at about $10,404,000. Institutional investors own 19.72% of the company’s stock.
GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems. The Company’s seven segments include Central, Northeast, Southern, Southeast, Southwest and Western, Tool Source Warehouse, Inc and other. It offers wallboard, which is used in building products for interior and exterior walls, and ceilings in residential and commercial structures.
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