The Gorman-Rupp Co (NYSE: GRC) has reported E.P.S. of $0.30 for its first fiscal quarter (ending March 31) versus $0.25 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.38 compared to $0.39 a year ago.
Recent Price Action
The Gorman-Rupp Co (NYSE: GRC) stock closed at $31.45 on 4/25/24 after a major decline of -13.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 306% of normal. The stock has declined -12.7% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GRC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Gorman-Rupp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Gorman-Rupp has a slightly negative Appreciation Score of 36 but a good Power Rating of 83, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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