GMR Solutions (NYSE:GMRS) Issues Earnings Results

GMR Solutions (NYSE:GMRS) announced its quarterly earnings results on Monday, June 1st. The company reported $0.28 earnings per share for the quarter, Zacks reports. The firm had revenue of $1.46 billion during the quarter.

GMR Solutions Stock Up 0.3%

GMRS stock traded up $0.05 during midday trading on Thursday, hitting $14.81. 1,169,080 shares of the company’s stock were exchanged, compared to its average volume of 1,095,099. GMR Solutions has a 1-year low of $10.26 and a 1-year high of $15.54. The stock has a market cap of $799.92 million and a price-to-earnings ratio of 52.89.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GMRS shares. Wall Street Zen raised GMR Solutions to a “hold” rating in a report on Saturday, May 23rd. UBS Group began coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $20.00 price objective for the company. Bank of America initiated coverage on GMR Solutions in a research report on Monday, June 8th. They issued a “buy” rating and a $18.00 target price on the stock. Zacks Research upgraded shares of GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. began coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $15.00 target price on the stock. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.22.