GMR Solutions (NYSE:GMRS) Posts Earnings Results, Beats Expectations By $0.17 EPS

GMR Solutions (NYSE:GMRS) posted its quarterly earnings results on Monday. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.17, Zacks reports. The company had revenue of $1.60 billion during the quarter.

GMR Solutions Price Performance

Shares of NYSE:GMRS opened at $11.25 on Tuesday. GMR Solutions has a 1 year low of $8.99 and a 1 year high of $15.98. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. The company has a 50-day simple moving average of $11.35. The firm has a market cap of $607.73 million and a P/E ratio of -7.21.

Insider Buying and Selling at GMR Solutions

In other news, EVP Lisa Jacoba sold 92,680 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $1,130,696.00. Following the completion of the sale, the executive vice president owned 198,603 shares of the company’s stock, valued at $2,422,956.60. This trade represents a 31.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Thomas A. A Cook sold 251,882 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $3,072,960.40. Following the sale, the executive vice president directly owned 675,686 shares of the company’s stock, valued at approximately $8,243,369.20. This trade represents a 27.16% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 2,353,423 shares of company stock valued at $28,711,761 over the last ninety days.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group set a $30.00 price target on GMR Solutions in a research note on Tuesday, August 18th. JPMorgan Chase & Co. boosted their price target on shares of GMR Solutions from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, September 11th. Finally, Weiss Ratings assumed coverage on shares of GMR Solutions in a research note on Friday, August 14th. They issued a “sell (d)” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, GMR Solutions has an average rating of “Moderate Buy” and a consensus target price of $18.78.

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.