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

GMS Inc. (NYSE:GMS) – Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for shares of GMS in a note issued to investors on Wednesday, June 26th. DA Davidson analyst K. Yinger anticipates that the company will post earnings per share of $2.18 for the quarter. DA Davidson has a “Buy” rating and a $97.00 price objective on the stock. The consensus estimate for GMS’s current full-year earnings is $8.72 per share. DA Davidson also issued estimates for GMS’s FY2025 earnings at $9.04 EPS.

GMS (NYSE:GMS) last issued its earnings results on Thursday, June 20th. The company reported $1.93 earnings per share 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 analysts’ expectations of $1.41 billion. GMS had a net margin of 5.02% and a return on equity of 24.05%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 EPS.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of GMS from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Loop Capital decreased their price objective on shares of GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Robert W. Baird decreased their price objective 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. Barclays reduced their price target on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Finally, Truist Financial reduced their price target on shares of GMS from $105.00 to $95.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating and five have issued 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 $90.75.

GMS Stock Up 1.1 %

Shares of NYSE:GMS opened at $80.61 on Friday. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 11.98 and a beta of 1.72. The firm’s 50-day simple moving average is $91.17 and its 200-day simple moving average is $89.08. 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 fifty-two week low of $56.58 and a fifty-two week high of $101.04.

Institutional Investors Weigh In On GMS

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its position in shares of GMS by 131.1% in the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after buying an additional 211 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of GMS in the 4th quarter worth about $32,000. Hexagon Capital Partners LLC increased its holdings in shares of GMS by 233.3% in 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 acquired a new stake in shares of GMS in the 1st quarter worth about $77,000. Finally, LRI Investments LLC acquired a new stake in shares of GMS in the 1st quarter worth about $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.