GMS (NYSE:GMS) will be announcing its Q2 2020 earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
GMS opened at $29.28 on Wednesday. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 1.42 and a beta of 2.15. The business’s 50-day moving average price is $30.53 and its two-hundred day moving average price is $24.86. GMS has a 1 year low of $13.61 and a 1 year high of $32.42. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.29 and a quick ratio of 1.46.
A number of research analysts recently issued reports on GMS shares. TheStreet upgraded GMS from a “c+” rating to a “b-” rating in a report on Friday, September 27th. Seaport Global Securities restated a “buy” rating and issued a $33.00 target price (up previously from $28.00) on shares of GMS in a research note on Friday, August 30th. They noted that the move was a valuation call. Stephens set a $34.00 target price on GMS and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays upped their price target on GMS from $26.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research raised shares of GMS from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. GMS has a consensus rating of “Buy” and a consensus price target of $30.20.
GMS Company Profile
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.
Recommended Story: Are analyst ratings accurate?
Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.