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

GMR Solutions (NYSE:GMRS) posted its earnings results on Wednesday. The company reported ($1.84) EPS 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.

GMR Solutions Trading Up 7.1%

GMR Solutions stock traded up $0.85 during mid-day trading on Wednesday, hitting $12.75. The stock had a trading volume of 3,121,726 shares, compared to its average volume of 822,525. The stock has a market cap of $688.65 million and a price-to-earnings ratio of 45.54. 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 company has a 50 day moving average of $13.22. GMR Solutions has a one year low of $10.26 and a one year high of $15.98.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GMRS shares. Citigroup initiated coverage on GMR Solutions in a research note on Sunday, June 7th. They set a “buy” rating and a $17.00 price target 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 target on the stock. 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. Morgan Stanley started coverage on GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 target price 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 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.