GMS Inc. (GMS) PT Raised to $34 at Stephens

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GMS Inc. (GMS) PT Raised to $31 at Raymond James

August 30, 2019 5:12 AM EDT

Raymond James analyst Sam Darkatsh raised the price target on GMS Inc. (NYSE: GMS) to $31.00 (from $24.00) while maintaining a Strong Buy rating.

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GMS Inc. (GMS) Tops Q1 EPS by 6c, Revenues Beat

August 29, 2019 6:03 AM EDT

GMS Inc. (NYSE: GMS) reported Q1 EPS of $0.89, $0.06 better than the analyst estimate of $0.83. Revenue for the quarter came in at $847.2 million versus the consensus estimate of $837.96 million.

First Quarter Fiscal 2020 Highlights

Net sales of $847.2 million increased 8.9% from $778.1 million in the first quarter of the prior fiscal year. Organic net sales (as described below) increased 3.4% year over year.Reported net income of $24.8 million, or $0.59 per diluted share, compared to $8.7 million, or $0.20 per diluted share, in the first quarter of the prior fiscal... More