GMS Reports Third Quarter Fiscal 2019 Results

Go back to GMS Reports Third Quarter Fiscal 2019 Results

GMS Inc. (GMS) PT Lowered to $23 at RBC Capital

March 6, 2019 6:22 AM EST

RBC Capital analyst Mike Dahl lowered the price target on GMS Inc. (NYSE: GMS) to $23.00 (from $25.00) while maintaining a Outperform rating.

FY19/FY20 estimates move lower by 2.5%, to $300 MM/$321 MM, driven by softer Titan results and a more gradual pace of margin expansion... More

GMS Inc. (GMS) Misses Q3 EPS by 11c, Revenues Miss

March 5, 2019 6:01 AM EST

GMS Inc. (NYSE: GMS) reported Q3 EPS of $0.41, $0.11 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $723.9 million versus the consensus estimate of $741.73 million.

Net sales increased 23.6% to $723.9 million from $585.5 million in the third quarter of fiscal 2018.Reported net income of $5.8 million, or $0.14 per diluted share, compared to $19.7 million, or $0.47 per diluted share in the prior year.Adjusted net income of $17.3 million, or $0.41 per... More