Sidoti downgraded Gorman-Rupp from Buy to Neutral and set a new price target of $46.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2023 | Buy | Sidoti | |
| 9/13/2023 | $40.00 | Buy | Northcoast |
| 2/7/2022 | $46.00 | Neutral → Buy | Sidoti |
| 11/16/2021 | $46.00 | Buy → Neutral | Sidoti |
10-Q - GORMAN RUPP CO (0000042682) (Filer)
8-K - GORMAN RUPP CO (0000042682) (Filer)
10-Q - GORMAN RUPP CO (0000042682) (Filer)
SC 13D - GORMAN RUPP CO (0000042682) (Subject)
SC 13D - GORMAN RUPP CO (0000042682) (Subject)
SC 13G/A - GORMAN RUPP CO (0000042682) (Subject)
Sidoti resumed coverage of Gorman-Rupp with a rating of Buy
Northcoast initiated coverage of Gorman-Rupp with a rating of Buy and set a new price target of $40.00
Sidoti upgraded Gorman-Rupp from Neutral to Buy and set a new price target of $46.00
4 - GORMAN RUPP CO (0000042682) (Issuer)
4 - GORMAN RUPP CO (0000042682) (Issuer)
4 - GORMAN RUPP CO (0000042682) (Issuer)
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Gorman-Rupp (NYSE:GRC) reported quarterly earnings of $0.30 per share which missed the analyst consensus estimate of $0.34 by 11.76 percent. This is a 11.11 percent increase over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $159.27 million which missed the analyst consensus estimate of $168.24 million by 5.33 percent. This is a 0.75 percent decrease over sales of $160.47 million the same period last year.
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common shares of the Company, payable December 10, 2024, to shareholders of record November 15, 2024. The cash dividend will represent a 2.8% increase over the $0.18 dividend per share paid in the previous quarter. This action will mark the 299th consecutive quarterly dividend paid by The Gorman-Rupp Company and the 52nd consecutive year of increased dividends to its shareholders, which positions Gorman-Rupp in the top 50 of all U.S. public companies with respect to number of years of increased dividend payments. About The Gorman-Rupp Company Founded in 1933, The
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $168.2 million increased 0.4%, or $0.7 million, compared to the third quarter of 2023 Third quarter net income was $12.9 million, or $0.49 per share, compared to net income of $9.0 million, or $0.34 per share, for the third quarter of 2023 Gross margin improved 260 basis points Interest expense decreased $2.7 million or 25.9% primarily due to debt refinanced in the second quarter of 2024 Adjusted EBITDA1 of $32.0 million for the third quarter of 2024 increased $1.5 million, or 5.1%, from $30.5 million for the same period in 2023
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net sales of $169.5 million decreased 0.9%, or $1.5 million, compared to the second quarter of 2023 Second quarter net income was $8.3 million, or $0.32 per share, compared to a net income of $10.5 million, or $0.40 per share, for the second quarter of 2023 Adjusted earnings per share1 for the second quarters of 2024 and 2023 were $0.54 and $0.41, respectively Incoming orders of $162.5 million were up $8.4 million, or 5.5%, compared to the second quarter of 2023 Refinanced debt expected to reduce interest expense by over $7.0 million annu
The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common shares of the Company, payable December 10, 2024, to shareholders of record November 15, 2024. The cash dividend will represent a 2.8% increase over the $0.18 dividend per share paid in the previous quarter. This action will mark the 299th consecutive quarterly dividend paid by The Gorman-Rupp Company and the 52nd consecutive year of increased dividends to its shareholders, which positions Gorman-Rupp in the top 50 of all U.S. public companies with respect to number of years of increased dividend payments. About The Gorman-Rupp Company Founded in 1933, The
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $168.2 million increased 0.4%, or $0.7 million, compared to the third quarter of 2023 Third quarter net income was $12.9 million, or $0.49 per share, compared to net income of $9.0 million, or $0.34 per share, for the third quarter of 2023 Gross margin improved 260 basis points Interest expense decreased $2.7 million or 25.9% primarily due to debt refinanced in the second quarter of 2024 Adjusted EBITDA1 of $32.0 million for the third quarter of 2024 increased $1.5 million, or 5.1%, from $30.5 million for the same period in 2023
The Gorman-Rupp Company (NYSE:GRC) reports financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net sales of $169.5 million decreased 0.9%, or $1.5 million, compared to the second quarter of 2023 Second quarter net income was $8.3 million, or $0.32 per share, compared to a net income of $10.5 million, or $0.40 per share, for the second quarter of 2023 Adjusted earnings per share1 for the second quarters of 2024 and 2023 were $0.54 and $0.41, respectively Incoming orders of $162.5 million were up $8.4 million, or 5.5%, compared to the second quarter of 2023 Refinanced debt expected to reduce interest expense by over $7.0 million annu