Sidoti Has Positive Estimate for Gorman-Rupp Q1 Earnings

Gorman-Rupp Company (The) (NYSE:GRC - Free Report) - Analysts at Sidoti boosted their Q1 2027 EPS estimates for shares of Gorman-Rupp in a research report issued on Friday, April 24th. Sidoti analyst J. Franzreb now expects that the industrial products company will post earnings of $0.62 per share for the quarter, up from their prior forecast of $0.52. The consensus estimate for Gorman-Rupp's current full-year earnings is $2.60 per share. Sidoti also issued estimates for Gorman-Rupp's Q2 2027 earnings at $0.77 EPS and Q3 2027 earnings at $0.76 EPS.

Gorman-Rupp (NYSE:GRC - Get Free Report) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.19. The business had revenue of $176.59 million for the quarter, compared to analysts' expectations of $170.61 million. Gorman-Rupp had a net margin of 8.45% and a return on equity of 15.27%.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gorman-Rupp in a report on Thursday, January 22nd. Zacks Research raised shares of Gorman-Rupp from a "hold" rating to a "strong-buy" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat, Gorman-Rupp presently has an average rating of "Strong Buy".

Gorman-Rupp Stock Performance

Shares of Gorman-Rupp stock opened at $76.10 on Tuesday. The firm's fifty day simple moving average is $64.73 and its 200-day simple moving average is $55.09. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.27 and a beta of 1.26. Gorman-Rupp has a 12 month low of $34.96 and a 12 month high of $78.50. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.37 and a quick ratio of 1.39.

Gorman-Rupp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. Gorman-Rupp's payout ratio is currently 34.08%.

Hedge Funds Weigh In On Gorman-Rupp

Several institutional investors have recently bought and sold shares of GRC. Goldman Sachs Group Inc. increased its stake in Gorman-Rupp by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 281,709 shares of the industrial products company's stock valued at $9,888,000 after buying an additional 25,033 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Gorman-Rupp by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 64,912 shares of the industrial products company's stock valued at $2,278,000 after buying an additional 7,667 shares during the period. Jane Street Group LLC increased its stake in Gorman-Rupp by 203.0% in the 1st quarter. Jane Street Group LLC now owns 48,499 shares of the industrial products company's stock valued at $1,702,000 after buying an additional 32,494 shares during the period. Rhumbline Advisers increased its stake in Gorman-Rupp by 17.4% in the 2nd quarter. Rhumbline Advisers now owns 36,865 shares of the industrial products company's stock valued at $1,354,000 after buying an additional 5,462 shares during the period. Finally, American Century Companies Inc. increased its stake in Gorman-Rupp by 8.6% in the 2nd quarter. American Century Companies Inc. now owns 50,760 shares of the industrial products company's stock valued at $1,864,000 after buying an additional 4,020 shares during the period. 59.26% of the stock is owned by institutional investors and hedge funds.

Gorman-Rupp Company Profile

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.