GMS Inc. Forecasted to Post FY2026 Earnings of $9.04 Per Share (NYSE:GMS)

GMS Inc. (NYSE:GMS) – DA Davidson issued their FY2026 earnings estimates for shares of GMS in a research note issued on Thursday, June 27th. DA Davidson analyst K. Yinger expects that the company will post earnings of $9.04 per share for the year. DA Davidson currently has a “Buy” rating and a $97.00 target price on the stock. The consensus estimate for GMS’s current full-year earnings is $8.58 per share.

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

A number of other equities research analysts have also recently issued reports on the stock. Truist Financial dropped their price target on shares of GMS from $105.00 to $95.00 and set a “hold” 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, June 26th. Robert W. Baird dropped their price target on shares of GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Barclays lowered their target price on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Friday, June 21st. Finally, Royal Bank of Canada lowered their target price on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Friday, June 21st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

GMS Price Performance

GMS stock opened at $78.15 on Monday. The company’s fifty day moving average price is $90.92 and its 200 day moving average price is $89.17. GMS has a 1 year low of $56.58 and a 1 year high of $101.04. The stock has a market capitalization of $3.10 billion, a P/E ratio of 11.61 and a beta of 1.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 2.17.

Institutional Investors Weigh In On GMS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in shares of GMS by 131.1% during the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 211 shares during the period. GAMMA Investing LLC purchased a new position in shares of GMS during the 4th quarter worth $32,000. Hexagon Capital Partners LLC raised its holdings in shares of GMS by 233.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock worth $35,000 after acquiring an additional 301 shares during the period. EntryPoint Capital LLC purchased a new position in shares of GMS during the 1st quarter worth $77,000. Finally, LRI Investments LLC purchased a new position in shares of GMS during the 1st quarter worth $127,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

About GMS

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.