GMR Solutions (NYSE:GMRS) Announces Earnings Results

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

GMR Solutions Price Performance

Shares of GMRS stock traded up $0.04 during trading hours on Wednesday, reaching $11.03. The company had a trading volume of 182,060 shares, compared to its average volume of 898,274. 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 quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $595.86 million and a price-to-earnings ratio of -7.07. The firm’s 50 day simple moving average is $11.33.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other GMR Solutions news, CFO Brian Scott Tierney sold 265,794 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $3,242,686.80. Following the transaction, the chief financial officer owned 554,955 shares in the company, valued at approximately $6,770,451. This trade represents a 32.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Lisa Jacoba sold 92,680 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $1,130,696.00. Following the transaction, the executive vice president owned 198,603 shares in the company, valued at approximately $2,422,956.60. This trade represents a 31.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 in the last ninety days.

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.