Graham Corporation (GHM) Set to Announce Quarterly Earnings on Wednesday
Graham Corporation (NYSE:GHM) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.
Graham Corporation (NYSE:GHM) last issued its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.09. The business had revenue of $20.90 million during the quarter, compared to the consensus estimate of $17.89 million. Graham Corporation had a net margin of 6.51% and a return on equity of 5.28%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. On average, analysts expect Graham Corporation to post $0.26 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Graham Corporation (NYSE:GHM) opened at 21.42 on Wednesday. The stock’s 50 day moving average is $20.65 and its 200 day moving average is $20.77. The stock has a market cap of $209.23 million, a P/E ratio of 35.52 and a beta of 1.05. Graham Corporation has a 12 month low of $17.19 and a 12 month high of $25.00.
Separately, Zacks Investment Research downgraded shares of Graham Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.
An institutional investor recently raised its position in Graham Corporation stock. The Manufacturers Life Insurance Company lifted its stake in shares of Graham Corporation (NYSE:GHM) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,721 shares of the industrial products company’s stock after buying an additional 1,099 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.10% of Graham Corporation worth $192,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 74.72% of the company’s stock.
Graham Corporation Company Profile
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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