Gorman-Rupp Co (NYSEMKT:GRC) declared a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Shareholders of record on Tuesday, August 15th will be given a dividend of 0.115 per share by the industrial products company on Friday, September 8th. This represents a $0.46 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 11th.
Shares of Gorman-Rupp (NYSEMKT:GRC) opened at 29.76 on Friday. The company has a market cap of $776.53 million, a PE ratio of 32.81 and a beta of 1.13. Gorman-Rupp has a 12 month low of $22.30 and a 12 month high of $34.45. The stock has a 50 day moving average of $26.26 and a 200-day moving average of $28.54.
Gorman-Rupp (NYSEMKT:GRC) last posted its earnings results on Friday, July 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.13. Gorman-Rupp had a return on equity of 6.66% and a net margin of 5.47%. The firm had revenue of $97.87 million for the quarter, compared to analysts’ expectations of $92.90 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that Gorman-Rupp will post $0.93 earnings per share for the current year.
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GRC has been the topic of several research analyst reports. Zacks Investment Research cut Gorman-Rupp from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. TheStreet cut Gorman-Rupp from a “b-” rating to a “c+” rating in a research note on Friday, May 12th.
About Gorman-Rupp
The Gorman-Rupp Company designs, manufactures and sells pumps and pump systems. The Company offers its products for use in dewatering; petroleum original equipment; agriculture; fire protection; heating, ventilating and air conditioning; military, and other liquid-handling applications. The Company operates in the manufacture and international sale of pumps and pump systems segment.
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