Gorman-Rupp (GRC) Projected to Post Quarterly Earnings on Friday

Gorman-Rupp (NYSE:GRC) is anticipated to announce its earnings results before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $162.84 million for the quarter.

Gorman-Rupp Stock Up 0.6 %

Shares of NYSE:GRC opened at $38.02 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39. Gorman-Rupp has a 52-week low of $30.47 and a 52-week high of $43.79. The business’s 50 day simple moving average is $39.03 and its two-hundred day simple moving average is $38.99. The firm has a market cap of $997.19 million, a P/E ratio of 26.22, a PEG ratio of 1.49 and a beta of 0.97.

Gorman-Rupp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, February 14th. Gorman-Rupp’s dividend payout ratio is currently 51.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 29th.

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.