Somewhat Positive News Coverage Somewhat Unlikely to Impact GMS (GMS) Stock Price

News stories about GMS (NYSE:GMS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GMS earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.6773065832133 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

GMS (NYSE:GMS) opened at $37.80 on Wednesday. The company has a market capitalization of $1,560.00 and a price-to-earnings ratio of 28.42. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.62 and a quick ratio of 1.70. GMS has a 12-month low of $27.20 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 Zacks’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. GMS had a net margin of 2.78% and a return on equity of 13.41%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. equities research analysts predict that GMS will post 1.99 earnings per share for the current fiscal year.

A number of research analysts have commented on GMS shares. Robert W. Baird reiterated a “buy” rating and issued a $37.00 price objective on shares of GMS in a research report on Monday, October 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $39.00 price objective on shares of GMS in a research report on Tuesday, October 10th. Wells Fargo & Co started coverage on GMS in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded GMS from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Wednesday, November 1st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $40.00 price objective on shares of GMS in a research report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. GMS has a consensus rating of “Buy” and an average price target of $40.00.

In other news, major shareholder Investors Lp Aea sold 4,500,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.05, for a total value of $171,225,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $37.14, for a total value of $464,250.00. Following the completion of the transaction, the chief executive officer now directly owns 528,418 shares in the company, valued at approximately $19,625,444.52. The disclosure for this sale can be found here. In the last three months, insiders sold 5,200,782 shares of company stock worth $197,703,205. 5.90% of the stock is currently owned by company insiders.

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GMS Company Profile

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.

Insider Buying and Selling by Quarter for GMS (NYSE:GMS)

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