Gorman-Rupp (GRC) to Release Quarterly Earnings on Thursday

Gorman-Rupp (NYSE:GRC) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Gorman-Rupp to post earnings of $0.35 per share for the quarter.

Gorman-Rupp (NYSE:GRC) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The firm had revenue of $160.57 million for the quarter, compared to analyst estimates of $155.88 million. Gorman-Rupp had a net margin of 5.30% and a return on equity of 10.47%. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, analysts expect Gorman-Rupp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gorman-Rupp Price Performance

NYSE:GRC opened at $36.06 on Thursday. The stock’s 50-day simple moving average is $37.43 and its 200 day simple moving average is $34.36. Gorman-Rupp has a 52-week low of $23.22 and a 52-week high of $40.00. The company has a market cap of $945.49 million, a P/E ratio of 27.11, a P/E/G ratio of 1.78 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.35.

Gorman-Rupp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 15th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.00%. Gorman-Rupp’s dividend payout ratio (DPR) is presently 54.14%.

Institutional Investors Weigh In On Gorman-Rupp

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Gorman-Rupp by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,292,231 shares of the industrial products company’s stock valued at $81,443,000 after purchasing an additional 36,014 shares in the last quarter. BlackRock Inc. grew its position in Gorman-Rupp by 7.8% in the 2nd quarter. BlackRock Inc. now owns 1,604,425 shares of the industrial products company’s stock valued at $46,256,000 after purchasing an additional 116,189 shares during the period. Gamco Investors INC. ET AL increased its stake in Gorman-Rupp by 1.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 537,338 shares of the industrial products company’s stock valued at $15,491,000 after purchasing an additional 7,177 shares in the last quarter. State Street Corp increased its stake in Gorman-Rupp by 4.9% during the 1st quarter. State Street Corp now owns 504,751 shares of the industrial products company’s stock valued at $12,619,000 after purchasing an additional 23,648 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Gorman-Rupp by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 467,751 shares of the industrial products company’s stock worth $11,983,000 after acquiring an additional 6,081 shares in the last quarter. 59.26% of the stock is currently owned by institutional investors and hedge funds.

About Gorman-Rupp

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.