The Gorman-Rupp Co (NYSE: GRC) has reported earnings for its second fiscal quarter (ending June 30) of $0.32 versus $0.40 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.30 versus $0.83 for the same period a year ago.
Recent Price Action
The Gorman-Rupp Co (NYSE: GRC) stock closed at $41.11 on 7/26/24 after an increase of 1.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 345% of normal. The stock has risen 3.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GRC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Gorman-Rupp has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Gorman-Rupp has a slightly negative Appreciation Score of 35 but a good Power Rating of 82, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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