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

GMR Solutions (NYSE:GMRS) released its earnings results on Monday. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.47 by $0.17, Zacks reports.

GMR Solutions Stock Performance

Shares of NYSE GMRS traded down $1.19 during mid-day trading on Monday, hitting $11.25. The stock had a trading volume of 3,022,648 shares, compared to its average volume of 886,917. The business’s 50 day moving average price is $11.38. GMR Solutions has a 1 year low of $8.99 and a 1 year high of $15.98. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.50. The stock has a market capitalization of $607.73 million and a price-to-earnings ratio of -7.21.

Insider Buying and Selling at GMR Solutions

In other GMR Solutions news, CEO Nicola Loporcaro sold 1,457,102 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $17,776,644.40. Following the completion of the sale, the chief executive officer owned 2,855,580 shares of the company’s stock, valued at $34,838,076. This represents a 33.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jessica Hall sold 23,687 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $288,981.40. Following the completion of the transaction, the chief accounting officer owned 62,566 shares in the company, valued at $763,305.20. The trade was a 27.46% 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 worth $28,711,761 over the last ninety days.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GMRS. 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 note on Friday, September 11th. The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a research note on Tuesday, August 18th. Finally, Weiss Ratings started coverage on GMR Solutions in a report on Friday, August 14th. They issued a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.78.

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.