Gorman-Rupp (GRC) to Release Quarterly Earnings on Friday

Gorman-Rupp (NYSE:GRC) will likely be posting its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Gorman-Rupp to post earnings of $0.45 per share and revenue of $162.84 million for the quarter.

Gorman-Rupp Stock Up 0.8 %

GRC stock opened at $39.11 on Friday. Gorman-Rupp has a one year low of $30.47 and a one year high of $43.79. The firm has a market cap of $1.03 billion, a PE ratio of 26.97, a PEG ratio of 1.49 and a beta of 0.97. The firm’s 50 day moving average price is $39.40 and its 200-day moving average price is $39.07. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39.

Gorman-Rupp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.185 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a yield of 1.89%. Gorman-Rupp’s dividend payout ratio is currently 51.03%.

Analysts Set New Price Targets

Separately, StockNews.com raised 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.