Gorman-Rupp (NYSE:GRC) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Gorman-Rupp (NYSE:GRC - Get Free Report) announced its quarterly earnings results on Friday. The industrial products company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03), Zacks reports. Gorman-Rupp had a net margin of 5.80% and a return on equity of 12.32%. During the same period in the prior year, the firm posted $0.34 earnings per share.

Gorman-Rupp Stock Performance

Gorman-Rupp stock traded up $0.81 during trading hours on Tuesday, reaching $37.75. 48,016 shares of the company were exchanged, compared to its average volume of 60,104. The firm has a market cap of $990.18 million, a price-to-earnings ratio of 26.03, a PEG ratio of 1.47 and a beta of 0.97. The company has a current ratio of 2.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $38.71 and a 200 day moving average of $38.92. Gorman-Rupp has a 12 month low of $30.47 and a 12 month high of $43.79.

Gorman-Rupp Dividend Announcement

The business 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 dividend of $0.185 per share. The ex-dividend date is Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a yield of 1.96%. Gorman-Rupp's payout ratio is currently 51.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a research note 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.