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.

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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.

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Earnings History and Estimates for Graham Corporation (NYSE:GHM)

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