Gorman-Rupp (NYSE:GRC) Announces Quarterly Earnings Results

Gorman-Rupp (NYSE:GRC) posted its quarterly earnings data on Friday. The industrial products company reported $0.42 earnings per share (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 previous year, the company earned $0.34 EPS.

Gorman-Rupp Stock Performance

Shares of Gorman-Rupp stock opened at $36.79 on Friday. The business’s fifty day simple moving average is $38.95 and its 200 day simple moving average is $38.99. The company has a current ratio of 2.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.99. Gorman-Rupp has a 12 month low of $30.47 and a 12 month high of $43.79. The firm has a market capitalization 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.

Gorman-Rupp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.01%. 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 shares of Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report 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.