Gorman-Rupp (NYSE:GRC) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Gorman-Rupp (NYSE:GRC) posted its quarterly earnings results on Friday. The industrial products company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03), Zacks reports. Gorman-Rupp had a return on equity of 12.32% and a net margin of 5.80%. During the same quarter in the prior year, the firm posted $0.34 earnings per share.

Gorman-Rupp Stock Performance

NYSE GRC opened at $36.79 on Friday. The firm has a market cap of $965.00 million, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $38.95 and its 200-day moving average is $38.99. Gorman-Rupp has a 12-month low of $30.47 and a 12-month high of $43.79.

Gorman-Rupp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a yield of 2.01%. Gorman-Rupp’s dividend payout ratio is presently 51.03%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.