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

Gorman-Rupp (NYSE:GRC) is expected to be announcing 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 Price Performance

GRC stock opened at $38.02 on Thursday. Gorman-Rupp has a 1 year low of $30.47 and a 1 year high of $43.79. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.39 and a quick ratio of 1.38. The stock has a market cap of $997.19 million, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.49 and a beta of 0.97. The company has a 50 day simple moving average of $39.03 and a 200 day simple moving average of $38.99.

Gorman-Rupp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid 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 payout ratio is 51.03%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a report on Friday, November 29th.

Gorman-Rupp Company Profile

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.