GMS Share Forecast, Price & News Gulf Marine Services

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023. Over the quarter, revenue rose 28% year-over-year to $43.11 billion, while adjusted earnings stood at $2.12 per share, up from $1.35 in the year-ago quarter. The ship recycling market has had a challenging 2022, with a general lack of activity.

Clearly, the prospect of a global recession and the decline in used-car prices was influencing GM’s planning. GM has bravely projected profitability for its BEVs by 2025, boosted by federal subsidies. Obviously, the outcome still hinges on consumer acceptance of BEVs, not to mention the potential erosion of subsidies if political climate change engulfs Washington. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.

GMS

Yet in the face of global competition, economic headwinds, massive and costly electrification costs, GM has still to prove it can make money on a consistent and growing basis. Investors who have hung on to positions in GM may wish to wait a bit longer to see if mainstream consumers will flock to the automaker’s new BEV lineup – and are willing to pay premium prices, which will be reflected in growing earnings. GM’s Cruise subsidiary is expanding robotaxi operations in San Francisco and poised to enter Austin and Phoenix markets – significant revenue, not to mention profit, appear to be years in the future. Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

Markets

At 73, David Poile is reportedly preparing to step away from day-to-day duties with the Nashville Predators at the end of this season. Starting with the 2024 Chevrolet Blazer EV launching later this year, new GM EVs will no longer support Apple Carplay and Android Auto projection systems as they move to a more integrated infotainment solution. GM had reportedly laid off as many as 500 employees last month. All values as of most recently reported quarter unless otherwise noted. Continued customer inclination toward renovation and remodeling amid rising interest rates and home prices has been benefiting the Retail Building Products industry players. Strong residential end markets and favorable pricing are likely to reflect on GMS’ fiscal Q1 performance.

GMS Inc. was founded in 1971 and is headquartered in Tucker, Georgia. GMS Inc is a distributor of specialty building products including wallboard, suspended ceilings systems, or ceilings, steel framing, and other complementary building products. The company serves its products to commercial new construction, commercial repair and remodel, residential new construction, and residential repair and remodel (R&R).

News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

Be the first to know about important GMS news, forecast changes, insider trades & much more!Get Free GMS Updates

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. Clearly, she’s banking on robust acceptance of GM’s new BEV models. The offer was one month’s salary for every year of service, up to 12 months, paid as a lump sum. Against that backdrop, Barra in late January raised a signal flare that buyouts were likely with the announcement of $2 billion in cost cuts through the end of 2024, achieved in part by reducing the size of the work force.

Aug Britain’s FTSE 100 .FTSE index is expected to open 3 points higher at 7,120 on Wednesday, with futures FFIc1 up 0.2% ahead of the… Value investor Ed Wachenheim III is seeing bargains in auto stocks. Information is provided ‘as-is’ and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data. If you’re new to stock investing, here’s how to buy Gms stock.

capital asset pricing mannequin Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price.

Morningstar Quantitative ratings for equities are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Key Insights Using the 2 Stage Free Cash Flow to Equity, GMS fair value estimate is US$79.75 Current share price of… The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.GMS has a Quality Grade of C, ranking ahead of 74.63% of graded US stocks.

Private Companies

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. According to 11 analysts, the average rating for GMS stock is «Buy.» The 12-month stock price forecast is $67.07, which is an increase of 22.35% from the latest price. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. The GMS 52-week high stock price is 62.19, which is 15.9% above the current share price. Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations.

• Maintaining independence and editorial freedom is essential to our mission of empowering investor success.
• Join thousands of traders who make more informed decisions with our premium features.
• Key Insights Using the 2 Stage Free Cash Flow to Equity, GMS fair value estimate is US$79.75 Current share price of…
• The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
• GMS Inc. is a distributor of wallboard and suspended ceilings systems.

Its geographical segment is Central, Midwest, Northeast, Southern, Southeast, Western, and Canada. The https://1investing.in/ generates maximum revenue from Wallboard products and geographically from the United States. GMS Inc. distributes specialty building products including wallboard, suspended ceilings systems, steel framing, and complementary building products.

GMS Inc share price live 54.73, this page displays NYSE GMS stock exchange data. Monitor the latest movements within the GMS Inc real time stock price chart below. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels in the United Arab Emirates, Saudi Arabia, Qatar, the United Kingdom, and rest of Europe. It operates through K-Class Vessels, S-Class Vessels, E-Class Vessels, and Other Vessels segments. The company was founded in 1977 and is headquartered in Abu Dhabi, the United Arab Emirates. In a report released on December 9, Matthew Bouley from Barclays maintained a Hold rating on GMS (GMS – Research Report), with a price target of $60.00. The company’s shares closed last Friday at $53.75.According to TipRan… Market cap is the total market value of a publicly traded company’s outstanding shares.

Over the past 33 months, GMS’s revenue has gone up $1,982,174,000.The table below shows GMS’s growth in key financial areas . Stocks with similar financial metrics, market capitalization, and price volatility to GMS INC are BECN, MOD, BCC, UNVR, and AMN. GMS’s price/sales ratio is 0.42; that’s higher than the P/S ratio of just 14.65% of US stocks. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.