Media headlines about Gorman-Rupp (NYSEMKT:GRC) have been trending positive this week, AlphaOne Sentiment reports. AlphaOne, a unit of Accern, identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gorman-Rupp earned a media sentiment score of 0.41 on AlphaOne’s scale. AlphaOne also gave news articles about the industrial products company an impact score of 30 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the next several days.
Shares of Gorman-Rupp (NYSEMKT:GRC) traded up 2.69% on Friday, hitting $27.15. The stock had a trading volume of 239,597 shares. Gorman-Rupp has a 12-month low of $22.30 and a 12-month high of $34.45. The company’s 50-day moving average price is $25.84 and its 200 day moving average price is $29.72. The firm has a market cap of $708.43 million, a P/E ratio of 29.93 and a beta of 1.13.
Gorman-Rupp (NYSEMKT:GRC) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $92.60 million for the quarter, compared to analyst estimates of $95.24 million. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. On average, equities research analysts forecast that Gorman-Rupp will post $0.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Monday, May 15th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, May 11th. Gorman-Rupp’s dividend payout ratio (DPR) is presently 45.65%.
GRC has been the subject of a number of research analyst reports. Zacks Investment Research cut Gorman-Rupp from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. TheStreet cut Gorman-Rupp from a “b-” rating to a “c+” rating in a research report on Friday, May 12th.
Gorman-Rupp Company Profile
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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