Gorman-Rupp (NYSE:GRC) Posts Earnings Results, Beats Expectations By $0.16 EPS

Gorman-Rupp (NYSE:GRC) issued its quarterly earnings results on Friday. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.16, Zacks reports. The business had revenue of $193.25 million for the quarter, compared to analyst estimates of $181.55 million. Gorman-Rupp had a return on equity of 15.55% and a net margin of 8.88%.

Gorman-Rupp Stock Up 5.1%

Gorman-Rupp stock opened at $73.67 on Friday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 2.02 and a beta of 1.32. The company’s 50 day simple moving average is $74.81 and its 200 day simple moving average is $77.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.81 and a quick ratio of 1.82. Gorman-Rupp has a fifty-two week low of $42.31 and a fifty-two week high of $92.78.

Gorman-Rupp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 13th. This is a positive change from Gorman-Rupp’s previous quarterly dividend of $0.19. Gorman-Rupp’s payout ratio is 32.07%.

Insiders Place Their Bets

In other news, VP D. Patrick Wischmeier sold 5,153 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $77.62, for a total value of $399,975.86. Following the completion of the transaction, the vice president owned 1,409 shares of the company’s stock, valued at $109,366.58. The trade was a 78.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on GRC. Weiss Ratings reiterated a “buy (b)” rating on shares of Gorman-Rupp in a research report on Wednesday, September 9th. Zacks Research downgraded shares of Gorman-Rupp from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Finally, Wall Street Zen lowered shares of Gorman-Rupp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Key Gorman-Rupp News

Here are the key news stories impacting Gorman-Rupp this week:

• Positive Sentiment: Quarterly results exceeded expectations. Gorman-Rupp reported third-quarter revenue of $193.3 million, up 11.8% year over year and above the roughly $181.6 million analyst estimate. Earnings per share were $0.86, beating consensus estimates ranging from $0.67 to $0.70. Gorman-Rupp Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Record profitability strengthened the investment case. Net income reached a record $22.7 million, or $0.86 per share, compared with $11.3 million, or $0.43 per share, in the year-ago quarter. The company described the period as its third consecutive record quarter. Gorman-Rupp posts third straight record quarter, beating expectations
• Positive Sentiment: Gorman-Rupp raised its quarterly dividend. The board approved a dividend of $0.20 per share, a 5.3% increase from $0.19. The payment will be made December 10 to shareholders of record November 13, marking the company’s 307th consecutive quarterly dividend and 54th consecutive year of increases. Gorman-Rupp Company Announces Increase in Quarterly Cash Dividend
• Neutral Sentiment: Valuation remains a consideration. Coverage characterized the operating performance as impressive, but at least one analyst indicated that existing exposure was sufficient, suggesting investors may weigh Gorman-Rupp’s strong growth against its relatively elevated valuation. Gorman-Rupp Q3 Review: Impressive Performance, But I Have Enough Exposure

About Gorman-Rupp

Gorman-Rupp Co designs, manufactures and sells pumps and pumping systems for moving water and other liquids. Its product portfolio includes self-priming centrifugal pumps, standard centrifugal pumps, submersible pumps, rotary gear pumps, diaphragm pumps and related pumping equipment.

The company serves a range of markets, including municipal water and wastewater treatment, construction, agriculture, industrial operations, petroleum, fire protection and emergency services. Its products are used in applications such as sewage handling, flood control, dewatering, irrigation and general fluid transfer.

Founded in 1933 by J.C.