Sidoti Weighs in on Gorman-Rupp’s Q1 Earnings (NYSE:GRC)

by · The Markets Daily

Gorman-Rupp Company (The) (NYSE:GRC – Free Report) – Equities researchers at Sidoti lifted their Q1 2027 earnings estimates for Gorman-Rupp in a research note issued to investors on Wednesday, June 24th. Sidoti analyst J. Franzreb now expects that the industrial products company will post earnings of $0.68 per share for the quarter, up from their prior estimate of $0.62. 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 $0.84 EPS, Q3 2027 earnings at $0.79 EPS and FY2027 earnings at $3.04 EPS.

Gorman-Rupp (NYSE:GRC – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.19. Gorman-Rupp had a net margin of 8.45% and a return on equity of 15.08%. The firm had revenue of $176.59 million for the quarter, compared to analyst estimates of $170.61 million.

Several other equities research analysts also recently issued reports on GRC. Zacks Research downgraded shares of Gorman-Rupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen raised Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Freedom Capital raised Gorman-Rupp to a “hold” rating in a report on Monday, May 18th. Finally, Weiss Ratings cut Gorman-Rupp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

View Our Latest Stock Report on GRC

Gorman-Rupp Stock Down 0.4%

Gorman-Rupp stock opened at $86.13 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.93 and a quick ratio of 1.76. The company’s 50-day moving average is $76.62 and its 200-day moving average is $64.28. The firm has a market capitalization of $2.27 billion, a PE ratio of 38.62, a P/E/G ratio of 2.56 and a beta of 1.31. Gorman-Rupp has a fifty-two week low of $36.16 and a fifty-two week high of $89.62.

Institutional Trading of Gorman-Rupp

Several hedge funds and other institutional investors have recently bought and sold shares of GRC. Cerity Partners LLC grew its position in shares of Gorman-Rupp by 3.2% during the 4th quarter. Cerity Partners LLC now owns 4,776 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 150 shares in the last quarter. Captrust Financial Advisors grew its position in Gorman-Rupp by 3.5% during the fourth quarter. Captrust Financial Advisors now owns 4,872 shares of the industrial products company’s stock worth $233,000 after buying an additional 163 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Gorman-Rupp by 1.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,892 shares of the industrial products company’s stock worth $615,000 after acquiring an additional 176 shares during the period. Fifth Third Bancorp increased its stake in Gorman-Rupp by 14.1% during the 1st quarter. Fifth Third Bancorp now owns 1,461 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 180 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Gorman-Rupp by 0.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,370 shares of the industrial products company’s stock worth $2,166,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 59.26% of the company’s stock.

Gorman-Rupp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.19 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.9%. Gorman-Rupp’s dividend payout ratio is 34.08%.

About Gorman-Rupp

(Get Free Report)

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.

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