Revenue Update on Gorman-Rupp Co(NYSEMKT:GRC)

Gorman-Rupp Co(NYSEMKT:GRC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $94.203M. Analysts estimated a revenue of $93.380M. The revenues were 0.88% above the estimates. Earnings per share were $0.23. Analysts had estimated an EPS of $0.23.

Gorman-Rupp Co (GRC) shares turned negative on Tuesdays trading session with the shares closing down -0.94 points or -2.99% at a volume of 38,772. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.54. The peak price level was also seen at $31.54 while the days lowest was $30.35. Finally the shares closed at $30.47. The 52-week high of the shares is $34.45 while the 52-week low is $22.3. According to the latest information available, the market cap of the company is $795 M.

Several Insider Transactions has been reported to the SEC. On Dec 29, 2016, W Wayne Walston (director) sold 2,000 shares at $33.50 per share price.Also, On Nov 17, 2016, Ronald D Pittenger (Assistant Treasurer) sold 3,104 shares at $29.96 per share price.On Nov 10, 2016, Christopher H Lake (director) sold 2,000 shares at $26.44 per share price, according to the Form-4 filing with the securities and exchange commission.

The Gorman-Rupp Company (Gorman-Rupp) designs manufactures and sells pumps and pump systems. The Company sells its products for use in water wastewater construction dewatering industrial petroleum original equipment agriculture fire protection heating ventilating and air conditioning (HVAC) military and other liquid-handling applications. The Company’s product line consists of pump models ranging in rated capacity from less than one gallon per minute to one million gallons per minute. The types of pumps produced by the Company include self-priming centrifugal standard centrifugal magnetic drive centrifugal axial and mixed flow vertical turbine line shaft submersible high pressure booster rotary gear diaphragm bellows and oscillating. The production operations of the Company are conducted at several locations throughout the United States and other countries.

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