GMR Solutions (NYSE:GMRS) Announces Quarterly Earnings Results

GMR Solutions (NYSE:GMRS) issued its quarterly earnings results on Wednesday. The company reported ($1.84) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22), Zacks reports. The business had revenue of $1.49 billion during the quarter. The company’s revenue was up 3.3% compared to the same quarter last year.

GMR Solutions Stock Performance

GMR Solutions stock traded up $0.21 during midday trading on Friday, reaching $14.17. The stock had a trading volume of 548,579 shares, compared to its average volume of 855,385. The firm has a 50-day moving average price of $13.32. GMR Solutions has a twelve month low of $10.26 and a twelve month high of $15.98. The company has a debt-to-equity ratio of 23.39, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a market capitalization of $765.32 million and a PE ratio of 50.61.

Analyst Ratings Changes

GMRS has been the subject of several analyst reports. JPMorgan Chase & Co. started coverage on GMR Solutions in a research note on Monday, June 8th. They issued an “overweight” rating and a $15.00 target price for the company. Needham & Company LLC set a $18.00 price target on GMR Solutions in a research note on Monday, June 8th. Wall Street Zen upgraded GMR Solutions to a “hold” rating in a report on Saturday, May 23rd. Evercore raised shares of GMR Solutions to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Monday, June 8th. Finally, The Goldman Sachs Group started coverage on shares of GMR Solutions in a report on Monday, June 8th. They set a “buy” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, GMR Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.22.

GMR Solutions Company Profile

GMR Solutions Inc is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc is based in Lewisville, Texas.