Sidoti Analysts Decrease Earnings Estimates for Gorman-Rupp

Gorman-Rupp Company (The) (NYSE:GRC) – Equities researchers at Sidoti cut their Q4 2027 EPS estimates for Gorman-Rupp in a research report issued on Wednesday, June 24th. Sidoti analyst J. Franzreb now anticipates that the industrial products company will post earnings per share of $0.74 for the quarter, down from their previous forecast of $0.76. The consensus estimate for Gorman-Rupp’s current full-year earnings is $2.60 per share.

A number of other equities analysts have also recently issued reports on the company. Wall Street Zen upgraded Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Zacks Research lowered Gorman-Rupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Freedom Capital upgraded Gorman-Rupp to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings lowered shares of Gorman-Rupp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

Gorman-Rupp Trading Up 5.5%

Shares of NYSE GRC opened at $90.56 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.76 and a current ratio of 2.93. The business’s 50 day moving average price is $77.00 and its 200-day moving average price is $64.59. Gorman-Rupp has a fifty-two week low of $36.40 and a fifty-two week high of $91.38. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 2.54 and a beta of 1.31.

Gorman-Rupp (NYSE:GRC) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.19. The business had revenue of $176.59 million during the quarter, compared to analyst estimates of $170.61 million. Gorman-Rupp had a return on equity of 15.08% and a net margin of 8.45%.

Institutional Trading of Gorman-Rupp

Large investors have recently modified their holdings of the company. Huntington National Bank purchased a new stake in shares of Gorman-Rupp in the fourth quarter valued at approximately $31,000. NewEdge Advisors LLC increased its holdings in Gorman-Rupp by 130.7% during the 4th quarter. NewEdge Advisors LLC now owns 669 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 379 shares during the period. Osaic Holdings Inc. increased its holdings in Gorman-Rupp by 125.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,690 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 939 shares during the period. Tower Research Capital LLC TRC raised its position in Gorman-Rupp by 135.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in Gorman-Rupp during the 1st quarter valued at $89,000. Hedge funds and other institutional investors own 59.26% of the company’s stock.

Gorman-Rupp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.8%. Gorman-Rupp’s dividend payout ratio (DPR) is 34.08%.

About Gorman-Rupp

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.