GMS (GMS) Earns Daily Coverage Optimism Score of 0.18

News headlines about GMS (NYSE:GMS) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GMS earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.8976558946506 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media headlines that may have effected Accern’s rankings:

GMS (NYSE:GMS) opened at $37.52 on Friday. The firm has a market cap of $1,530.00 and a price-to-earnings ratio of 20.89. GMS has a 52-week low of $27.20 and a 52-week high of $39.98. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.06.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $648.00 million for the quarter, compared to the consensus estimate of $662.03 million. GMS had a return on equity of 14.24% and a net margin of 2.26%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. research analysts anticipate that GMS will post 1.99 EPS for the current year.

A number of brokerages have recently weighed in on GMS. Royal Bank of Canada reissued a “buy” rating and set a $46.00 price target on shares of GMS in a research report on Friday, December 8th. Zacks Investment Research raised shares of GMS from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, November 1st. SunTrust Banks reissued a “buy” rating and set a $40.00 price target on shares of GMS in a research report on Friday, November 10th. ValuEngine cut shares of GMS from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Barclays set a $43.00 price target on shares of GMS and gave the stock a “buy” rating in a research report on Friday, December 8th. Four research 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 target price of $39.63.

In related news, major shareholder Investors Lp Aea sold 4,500,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.05, for a total value of $171,225,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $34.52, for a total transaction of $431,500.00. Following the completion of the sale, the chief executive officer now directly owns 528,418 shares in the company, valued at $18,240,989.36. The disclosure for this sale can be found here. Insiders sold a total of 5,190,176 shares of company stock worth $197,304,809 over the last ninety days. 5.90% of the stock is currently owned by insiders.

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About GMS

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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