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

GMR Solutions (NYSE:GMRS) issued its earnings results on Wednesday. The company reported ($1.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22), Zacks reports. The business had revenue of $1.49 billion for the quarter.

GMR Solutions Trading Up 7.1%

NYSE:GMRS traded up $0.85 during mid-day trading on Wednesday, reaching $12.75. 3,121,726 shares of the stock were exchanged, compared to its average volume of 822,525. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 23.39. The business’s fifty day moving average price is $13.22. GMR Solutions has a 1-year low of $10.26 and a 1-year high of $15.98. The company has a market cap of $688.65 million and a price-to-earnings ratio of 45.54.

Analyst Ratings Changes

A number of brokerages recently commented on GMRS. Evercore upgraded 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. Bank of America started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $18.00 target price on the stock. Citigroup started coverage on shares of GMR Solutions in a report on Sunday, June 7th. They issued a “buy” rating and a $17.00 price objective for the company. UBS Group initiated coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Barclays began coverage on GMR Solutions in a report on Monday, June 8th. They set an “overweight” rating and a $16.00 target price on the stock. 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.22.

About GMR Solutions

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.