Equities research analysts expect The Gorman-Rupp Company (NYSE:GRC) to post earnings per share of $0.28 for the current quarter, according to Zacks. Zero analysts have made estimates for The Gorman-Rupp’s earnings. The Gorman-Rupp reported earnings per share of $0.24 in the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The company is expected to issue its next quarterly earnings results on Friday, February 2nd.

On average, analysts expect that The Gorman-Rupp will report full year earnings of $1.10 per share for the current fiscal year. For the next financial year, analysts anticipate that the business will report earnings of $1.20 per share. Zacks’ EPS averages are an average based on a survey of research analysts that cover The Gorman-Rupp.

The Gorman-Rupp (NYSE:GRC) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. The Gorman-Rupp had a net margin of 6.07% and a return on equity of 7.22%. The firm had revenue of $93.98 million during the quarter, compared to the consensus estimate of $95.91 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The Gorman-Rupp’s revenue for the quarter was up 2.9% on a year-over-year basis.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of The Gorman-Rupp from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, August 1st. TheStreet upgraded shares of The Gorman-Rupp from a “c+” rating to a “b-” rating in a research report on Monday, August 21st.

In other The Gorman-Rupp news, Director Christopher H. Lake sold 2,200 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $27.23, for a total transaction of $59,906.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth R. Reynolds acquired 2,500 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of $28.17 per share, with a total value of $70,425.00. The disclosure for this purchase can be found here.

A number of institutional investors have recently made changes to their positions in GRC. Goldman Sachs Group Inc. grew its stake in shares of The Gorman-Rupp by 114.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 455,593 shares of the industrial products company’s stock worth $14,306,000 after purchasing an additional 242,926 shares during the period. Vanguard Group Inc. grew its stake in shares of The Gorman-Rupp by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 1,561,859 shares of the industrial products company’s stock worth $49,042,000 after purchasing an additional 100,245 shares during the period. First Trust Advisors LP grew its stake in shares of The Gorman-Rupp by 71.1% during the 2nd quarter. First Trust Advisors LP now owns 145,606 shares of the industrial products company’s stock worth $3,709,000 after purchasing an additional 60,512 shares during the period. KBC Group NV acquired a new position in shares of The Gorman-Rupp during the 3rd quarter worth $1,232,000. Finally, Bank of America Corp DE grew its stake in shares of The Gorman-Rupp by 548.1% during the 1st quarter. Bank of America Corp DE now owns 42,134 shares of the industrial products company’s stock worth $1,323,000 after purchasing an additional 35,633 shares during the period.

Shares of The Gorman-Rupp (NYSE:GRC) traded up $0.28 during trading on Tuesday, reaching $30.48. 100,000 shares of the company’s stock were exchanged, compared to its average volume of 50,157. The Gorman-Rupp has a 52 week low of $23.55 and a 52 week high of $34.45.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. This is an increase from The Gorman-Rupp’s previous quarterly dividend of $0.12. The Gorman-Rupp’s dividend payout ratio is presently 50.55%.

WARNING: This piece was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/11/14/0-28-eps-expected-for-the-gorman-rupp-company-grc-this-quarter.html.

About The Gorman-Rupp

The Gorman-Rupp Company designs, manufactures and sells pumps and pump systems. The Company offers its products for use in dewatering; petroleum original equipment; agriculture; fire protection; heating, ventilating and air conditioning; military, and other liquid-handling applications. The Company operates in the manufacture and international sale of pumps and pump systems segment.

Get a free copy of the Zacks research report on The Gorman-Rupp (GRC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Gorman-Rupp Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gorman-Rupp Company and related companies with MarketBeat.com's FREE daily email newsletter.