Graham (NYSE:GHM) Releases Earnings Results, Beats Estimates By $0.06 EPS

Graham (NYSE:GHMGet Free Report) announced its earnings results on Monday. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.06, MarketWatch Earnings reports. Graham had a net margin of 1.67% and a return on equity of 2.97%. During the same period last year, the firm earned $0.03 earnings per share. Graham updated its FY 2024 guidance to EPS.

Graham Stock Performance

NYSE GHM opened at $21.96 on Tuesday. The company has a 50-day simple moving average of $19.05 and a two-hundred day simple moving average of $17.19. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 0.09. Graham has a 12-month low of $10.77 and a 12-month high of $23.50. The firm has a market cap of $234.97 million, a price-to-earnings ratio of 81.34 and a beta of 0.53.

Analyst Upgrades and Downgrades

Separately, TheStreet cut Graham from a “b-” rating to a “c” rating in a report on Monday, November 6th.

View Our Latest Stock Report on GHM

Institutional Investors Weigh In On Graham

Several institutional investors have recently bought and sold shares of GHM. Wasatch Advisors LP boosted its stake in shares of Graham by 44.8% during the first quarter. Wasatch Advisors LP now owns 483,055 shares of the industrial products company’s stock valued at $6,318,000 after purchasing an additional 149,475 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Graham by 49.3% during the first quarter. Gamco Investors INC. ET AL now owns 286,969 shares of the industrial products company’s stock worth $2,213,000 after purchasing an additional 94,744 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Graham by 60.4% during the first quarter. Franklin Resources Inc. now owns 236,446 shares of the industrial products company’s stock worth $3,093,000 after purchasing an additional 89,037 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Graham during the first quarter worth about $895,000. Finally, Renaissance Technologies LLC grew its position in shares of Graham by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 340,304 shares of the industrial products company’s stock worth $4,519,000 after buying an additional 45,536 shares during the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Graham Company Profile

(Get Free Report)

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.

Featured Stories

Earnings History for Graham (NYSE:GHM)

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