GMS Inc (NYSE:GMS) Director J David Smith bought 1,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were bought at an average cost of $37.58 per share, for a total transaction of $37,580.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $75,160. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of GMS Inc (NYSE:GMS) traded up $0.20 during trading on Friday, reaching $36.93. The company’s stock had a trading volume of 382,635 shares, compared to its average volume of 514,796. The company has a market cap of $1,507.06, a P/E ratio of 20.64, a PEG ratio of 2.64 and a beta of 3.20. 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 Inc has a 12 month low of $27.14 and a 12 month high of $39.98.
GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The business 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 business’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. equities analysts anticipate that GMS Inc will post 1.99 EPS for the current year.
Several research firms have recently weighed in on GMS. Robert W. Baird reissued a “buy” rating and set a $37.00 target price on shares of GMS in a research report on Monday, October 9th. Wells Fargo & Company began coverage on GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price on the stock. Royal Bank of Canada reissued a “buy” rating and set a $39.00 target price on shares of GMS in a research report on Tuesday, October 10th. Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a research report on Friday, December 8th. Finally, SunTrust Banks boosted their target price on GMS to $45.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.63.
WARNING: “GMS Inc (GMS) Director J David Smith Buys 1,000 Shares of Stock” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.com-unik.info/2017/12/16/gms-inc-gms-director-j-david-smith-buys-1000-shares-of-stock.html.
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.
What are top analysts saying about GMS? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for GMS and related companies.