$0.28 Earnings Per Share Expected for Gorman-Rupp Co (GRC) This Quarter
Wall Street brokerages predict that Gorman-Rupp Co (NYSE:GRC) will report earnings per share (EPS) of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Gorman-Rupp’s earnings. Gorman-Rupp posted earnings of $0.24 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The company is scheduled to report its next earnings report on Friday, February 2nd.
On average, analysts expect that 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 post earnings of $1.20 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Gorman-Rupp.
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 analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $93.98 million during the quarter, compared to analyst estimates of $95.91 million. Gorman-Rupp had a net margin of 6.25% and a return on equity of 9.72%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS.
Gorman-Rupp (NYSE GRC) opened at $30.82 on Thursday. The company has a market cap of $803.04, a price-to-earnings ratio of 26.75 and a beta of 1.30. Gorman-Rupp has a 1 year low of $23.55 and a 1 year high of $34.45.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.125 per share. This is an increase from Gorman-Rupp’s previous quarterly dividend of $0.12. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, November 14th. Gorman-Rupp’s payout ratio is currently 55.56%.
In other news, Director Christopher H. Lake sold 2,500 shares of Gorman-Rupp stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $31.75, for a total transaction of $79,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its holdings in shares of Gorman-Rupp by 133.6% during the 3rd quarter. GSA Capital Partners LLP now owns 34,275 shares of the industrial products company’s stock worth $1,116,000 after acquiring an additional 19,600 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in Gorman-Rupp in the third quarter worth $107,000. Janney Montgomery Scott LLC lifted its stake in Gorman-Rupp by 34.9% in the third quarter. Janney Montgomery Scott LLC now owns 17,799 shares of the industrial products company’s stock worth $580,000 after purchasing an additional 4,605 shares during the last quarter. KBC Group NV bought a new stake in Gorman-Rupp in the third quarter worth $1,232,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Gorman-Rupp by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 79,404 shares of the industrial products company’s stock worth $2,587,000 after purchasing an additional 3,969 shares during the last quarter. 52.83% of the stock is owned by institutional investors.
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Gorman-Rupp Company Profile
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.
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