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

Gorman-Rupp (NYSE:GRC) issued its quarterly earnings results on Friday. The industrial products company reported $0.42 earnings per share 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 period in the previous year, the firm posted $0.34 earnings per share.

Gorman-Rupp Price Performance

NYSE:GRC traded down $1.23 during trading hours on Friday, reaching $36.57. 23,778 shares of the company were exchanged, compared to its average volume of 58,484. The business has a 50 day moving average of $38.95 and a 200 day moving average of $38.99. The company has a market capitalization of $959.23 million, a P/E ratio of 25.12, a P/E/G ratio of 1.49 and a beta of 0.97. 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.

Gorman-Rupp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.02%. Gorman-Rupp’s dividend payout ratio (DPR) is currently 51.03%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research 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.