Gorman-Rupp (GRC) Set to Announce Quarterly Earnings on Thursday

Gorman-Rupp (NYSE:GRC) will issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.

Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. Gorman-Rupp had a net margin of 5.30% and a return on equity of 10.47%. The business had revenue of $160.57 million for the quarter, compared to the consensus estimate of $155.88 million. During the same quarter in the prior year, the company earned $0.11 EPS. 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 Trading Up 2.1 %

Shares of NYSE GRC opened at $36.74 on Wednesday. Gorman-Rupp has a 1-year low of $23.22 and a 1-year high of $40.00. The company has a 50-day moving average of $37.41 and a two-hundred day moving average of $34.46. The company has a market cap of $963.32 million, a PE ratio of 27.62, a P/E/G ratio of 1.75 and a beta of 0.92. The company has a current ratio of 2.35, a quick ratio of 1.31 and a debt-to-equity ratio of 1.09.

Gorman-Rupp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.96%. The ex-dividend date was Wednesday, February 14th. Gorman-Rupp’s dividend payout ratio (DPR) is presently 54.14%.

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.