Somewhat Favorable News Coverage Somewhat Unlikely to Affect GMS (NYSE:GMS) Share Price
News headlines about GMS (NYSE:GMS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GMS earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.885768670435 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s rankings:
- Etsy to reduce 23 pct of headcount by about 245 positions (timesofindia.indiatimes.com)
- GMS Inc.: Still An Intriguing Play For Macro And Housing Bulls (seekingalpha.com)
- Etsy, Inc. Swings to a Profit (fool.com)
- GM’s Chevy Bolt beats Tesla’s Model S in Consumer Reports’ range test (marketwatch.com)
- GMS Inc. Acquires ASI Building Products, Strengthens Michigan Presence (dbusiness.com)
GMS has been the topic of a number of recent research reports. ValuEngine upgraded GMS from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of GMS in a research note on Monday, June 19th. Northcoast Research upgraded shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Monday, July 3rd. Stephens cut their price objective on shares of GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, July 3rd. Finally, Zacks Investment Research cut shares of GMS from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. GMS presently has an average rating of “Buy” and an average price target of $36.17.
Shares of GMS (NYSE GMS) opened at 30.42 on Monday. The company has a market capitalization of $1.25 billion, a PE ratio of 25.56 and a beta of 3.53. GMS has a 52 week low of $20.23 and a 52 week high of $36.99. The company’s 50 day moving average is $29.96 and its 200-day moving average is $32.00.
GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $615 million for the quarter, compared to analyst estimates of $614.93 million. GMS had a return on equity of 14.15% and a net margin of 2.11%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, analysts expect that GMS will post $1.99 EPS for the current fiscal year.
In other GMS news, SVP Richard Alan Adams sold 83,950 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $31.68, for a total value of $2,659,536.00. Following the transaction, the senior vice president now owns 170,000 shares of the company’s stock, valued at $5,385,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Mueller sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $31.68, for a total value of $31,680,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,986,079 shares of company stock worth $126,278,983.
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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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