Q2 2024 Earnings Estimate for The Gorman-Rupp Company (NYSE:GRC) Issued By Sidoti Csr

The Gorman-Rupp Company (NYSE:GRC) – Equities research analysts at Sidoti Csr decreased their Q2 2024 EPS estimates for Gorman-Rupp in a research note issued on Friday, April 26th. Sidoti Csr analyst J. Franzreb now anticipates that the industrial products company will post earnings of $0.42 per share for the quarter, down from their previous forecast of $0.46. The consensus estimate for Gorman-Rupp’s current full-year earnings is $1.55 per share. Sidoti Csr also issued estimates for Gorman-Rupp’s Q3 2024 earnings at $0.42 EPS, Q4 2024 earnings at $0.40 EPS, FY2024 earnings at $1.55 EPS, Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.53 EPS and Q4 2025 earnings at $0.47 EPS.

Gorman-Rupp Price Performance

Shares of Gorman-Rupp stock opened at $33.38 on Monday. The company has a quick ratio of 1.31, a current ratio of 2.35 and a debt-to-equity ratio of 1.09. Gorman-Rupp has a 52 week low of $23.62 and a 52 week high of $40.00. The stock’s 50-day simple moving average is $37.20 and its 200-day simple moving average is $34.50. The company has a market capitalization of $875.22 million, a price-to-earnings ratio of 24.19, a PEG ratio of 1.63 and a beta of 0.92.

Gorman-Rupp (NYSE:GRC) last issued its earnings results on Thursday, April 25th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). Gorman-Rupp had a return on equity of 10.60% and a net margin of 5.52%. The firm had revenue of $159.27 million during the quarter, compared to the consensus estimate of $168.49 million.

Institutional Trading of Gorman-Rupp

A number of institutional investors and hedge funds have recently bought and sold shares of GRC. New York State Teachers Retirement System bought a new position in shares of Gorman-Rupp during the 1st quarter valued at approximately $82,000. Global Retirement Partners LLC grew its stake in shares of Gorman-Rupp by 92.2% in the 4th quarter. Global Retirement Partners LLC now owns 2,706 shares of the industrial products company’s stock worth $88,000 after buying an additional 1,298 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Gorman-Rupp in the 4th quarter worth about $120,000. Swisher Financial Concepts Inc. bought a new stake in shares of Gorman-Rupp in the 1st quarter worth about $216,000. Finally, Jump Financial LLC purchased a new stake in shares of Gorman-Rupp during the 3rd quarter valued at about $217,000. 59.26% of the stock is currently owned by institutional investors.

Gorman-Rupp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 2.16%. Gorman-Rupp’s payout ratio is 52.17%.

Gorman-Rupp Company Profile

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps.