GMR Solutions (NYSE:GMRS) Releases 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 company had revenue of $1.49 billion during the quarter.

GMR Solutions Stock Up 7.1%

Shares of GMRS traded up $0.85 during trading hours on Wednesday, reaching $12.75. The company’s stock had a trading volume of 3,121,726 shares, compared to its average volume of 822,525. The firm has a 50 day moving average of $13.22. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 23.39. The company has a market cap of $688.65 million and a price-to-earnings ratio of 45.54. GMR Solutions has a 1-year low of $10.26 and a 1-year high of $15.98.

Analysts Set New Price Targets

GMRS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. started coverage on GMR Solutions in a research report on Monday, June 8th. They issued an “overweight” rating and a $15.00 price target for the company. Zacks Research raised shares of GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th. Bank of America assumed coverage on shares of GMR Solutions in a report on Monday, June 8th. They set a “buy” rating and a $18.00 price target on the stock. Citigroup began 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 for the company. Finally, Barclays started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued an “overweight” rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.