Brokerages Expect Graham Corporation (GHM) to Announce $0.01 EPS
Equities analysts expect Graham Corporation (NYSE:GHM) to announce earnings of $0.01 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Graham Corporation’s earnings. Graham Corporation posted earnings per share of $0.14 during the same quarter last year, which suggests a negative year over year growth rate of 92.9%. The company is expected to issue its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Graham Corporation will report full-year earnings of $0.26 per share for the current financial year. For the next year, analysts forecast that the business will report earnings of $0.32 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Graham Corporation.
Graham Corporation (NYSE:GHM) last released its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.09. Graham Corporation had a net margin of 6.51% and a return on equity of 5.28%. The business had revenue of $20.90 million for the quarter, compared to analyst estimates of $17.89 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year.
Separately, Zacks Investment Research raised Graham Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.
Graham Corporation (GHM) traded up 1.05% during midday trading on Friday, hitting $20.26. 35,320 shares of the stock were exchanged. The firm has a market capitalization of $197.90 million, a price-to-earnings ratio of 33.60 and a beta of 1.02. The company has a 50 day moving average price of $19.73 and a 200 day moving average price of $21.14. Graham Corporation has a one year low of $17.19 and a one year high of $25.00.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Friday, August 11th. Graham Corporation’s dividend payout ratio (DPR) is currently 60.00%.
A number of hedge funds and other institutional investors have recently modified their holdings of GHM. Nationwide Fund Advisors boosted its stake in Graham Corporation by 18.8% in the 1st quarter. Nationwide Fund Advisors now owns 7,649 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 1,209 shares during the period. Russell Investments Group Ltd. boosted its stake in Graham Corporation by 34.1% in the 1st quarter. Russell Investments Group Ltd. now owns 51,551 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 13,106 shares during the period. US Bancorp DE boosted its stake in Graham Corporation by 0.5% in the 1st quarter. US Bancorp DE now owns 25,416 shares of the industrial products company’s stock worth $584,000 after purchasing an additional 118 shares during the period. Bank of New York Mellon Corp boosted its stake in Graham Corporation by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 75,038 shares of the industrial products company’s stock worth $1,726,000 after purchasing an additional 2,389 shares during the period. Finally, EAM Investors LLC bought a new position in Graham Corporation in the 1st quarter worth about $473,000. Institutional investors and hedge funds own 74.72% of the company’s stock.
WARNING: This report was published by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/08/brokerages-expect-graham-corporation-ghm-to-announce-0-01-eps.html.
Graham Corporation Company Profile
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Graham Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham Corporation and related companies with MarketBeat.com's FREE daily email newsletter.