GMR Solutions (NYSE:GMRS) Issues Earnings Results, Misses Expectations By $2.22 EPS

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

GMR Solutions Price Performance

GMRS traded up $0.58 during trading on Thursday, reaching $13.44. The company had a trading volume of 1,661,624 shares, compared to its average volume of 835,234. The stock has a market capitalization of $725.89 million and a P/E ratio of 48.00. GMR Solutions has a 12 month low of $10.26 and a 12 month high of $15.98. The company has a debt-to-equity ratio of 23.39, a quick ratio of 1.87 and a current ratio of 1.87. The company’s fifty day moving average price is $13.26.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. Citigroup initiated coverage on shares of GMR Solutions in a research report on Sunday, June 7th. They issued a “buy” rating and a $17.00 price target on the stock. Zacks Research raised shares of GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group began coverage on shares of GMR Solutions in a report on Monday, June 8th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.