Media stories about GMS (NYSE:GMS) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GMS earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.3275358264214 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Brokerages Anticipate GMS Inc (GMS) Will Post Quarterly Sales of $598.91 Million (americanbankingnews.com)
- General Monitoring Services (GMS) announces rebrand (securityinfowatch.com)
- Triple H’s interesting two-word answer on Ronda Rousey to WWE (givemesport.com)
- Advisory: LiveData Utilities to Unveil InfluxDB at DistribuTECH 2018 (businesswire.com)
- Building products supplier SRS explores sale, say sources: Reuters (pehub.com)
GMS has been the topic of several research analyst reports. SunTrust Banks increased their price target on shares of GMS to $45.00 and gave the company a “buy” rating in a report on Monday, December 11th. Royal Bank of Canada reissued a “buy” rating and issued a $46.00 price target on shares of GMS in a report on Friday, December 8th. Zacks Investment Research cut shares of GMS from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine cut shares of GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Barclays set a $43.00 price target on shares of GMS and gave the company a “buy” rating in a report on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $40.00.
GMS (NYSE:GMS) opened at $35.50 on Tuesday. The firm has a market cap of $1,465.21, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.53 and a beta of 3.21. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06. GMS has a fifty-two week low of $27.20 and a fifty-two week high of $39.98.
GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. GMS had a net margin of 2.26% and a return on equity of 14.24%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. equities research analysts anticipate that GMS will post 2.01 earnings per share for the current year.
In other news, CEO G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $35.30, for a total transaction of $441,250.00. Following the transaction, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,653,155.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO H Douglas Goforth sold 102,282 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $37.57, for a total transaction of $3,842,734.74. Following the transaction, the chief financial officer now directly owns 82,563 shares in the company, valued at $3,101,891.91. The disclosure for this sale can be found here. Insiders have sold 5,234,115 shares of company stock worth $198,991,609 over the last ninety days. Insiders own 5.90% of the company’s stock.
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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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