GMS Inc. (NYSE:GMS) Forecasted to Earn Q1 2025 Earnings of $2.18 Per Share

GMS Inc. (NYSE:GMS) – DA Davidson issued their Q1 2025 earnings per share estimates for shares of GMS in a research note issued to investors on Wednesday, June 26th. DA Davidson analyst K. Yinger expects that the company will post earnings of $2.18 per share for the quarter. DA Davidson currently has a “Buy” rating and a $97.00 price objective on the stock. The consensus estimate for GMS’s current full-year earnings is $8.70 per share. DA Davidson also issued estimates for GMS’s FY2025 earnings at $9.04 EPS.

A number of other equities research analysts have also recently weighed in on the company. Barclays dropped their price target on GMS from $93.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Friday, June 21st. StockNews.com cut shares of GMS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Loop Capital reduced their target price on shares of GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday, June 21st. Robert W. Baird lowered their price target on shares of GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Finally, Royal Bank of Canada reduced their price objective on GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a report on Friday, June 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

GMS Stock Performance

GMS opened at $80.62 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.17 and a debt-to-equity ratio of 0.84. GMS has a 12-month low of $56.58 and a 12-month high of $101.04. The business has a 50 day moving average of $91.17 and a 200-day moving average of $88.97. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 11.98 and a beta of 1.72.

GMS (NYSE:GMS) last issued its earnings results on Thursday, June 20th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.11). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. GMS had a net margin of 5.02% and a return on equity of 24.05%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $2.11 earnings per share.

Institutional Investors Weigh In On GMS

Large investors have recently made changes to their positions in the business. Allianz Asset Management GmbH raised its position in shares of GMS by 116.5% in the fourth quarter. Allianz Asset Management GmbH now owns 24,732 shares of the company’s stock valued at $2,039,000 after purchasing an additional 13,306 shares during the period. Reinhart Partners LLC. raised its holdings in GMS by 2.0% during the 1st quarter. Reinhart Partners LLC. now owns 487,549 shares of the company’s stock valued at $47,458,000 after acquiring an additional 9,441 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of GMS by 17.5% in the third quarter. Lazard Asset Management LLC now owns 190,477 shares of the company’s stock worth $12,184,000 after acquiring an additional 28,311 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of GMS by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 10,231 shares of the company’s stock worth $843,000 after acquiring an additional 136 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of GMS by 8.8% in the fourth quarter. Ritholtz Wealth Management now owns 16,231 shares of the company’s stock valued at $1,338,000 after purchasing an additional 1,317 shares in the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Company Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.