Wall Street brokerages expect Graham Corporation (NYSE:GHM) to report earnings per share of $0.01 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Graham Corporation’s earnings. Graham Corporation posted earnings of $0.14 per share in the same quarter last year, which would suggest a negative year over year growth rate of 92.9%. The business is expected to report its next earnings results before the market opens on Wednesday, October 25th.
On average, analysts expect that Graham Corporation will report full-year earnings of $0.26 per share for the current year. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Graham Corporation.
Graham Corporation (NYSE:GHM) last announced its earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.09. Graham Corporation had a return on equity of 5.28% and a net margin of 6.51%. The business had revenue of $20.90 million during the quarter, compared to analysts’ expectations of $17.89 million. During the same quarter last year, the business posted $0.05 earnings per share. The company’s quarterly revenue was down 6.5% on a year-over-year basis.
Separately, Zacks Investment Research downgraded Graham Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.
Hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors grew its stake in shares of Graham Corporation by 18.8% during the first quarter. Nationwide Fund Advisors now owns 7,649 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 1,209 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Graham Corporation by 34.1% during the first quarter. Russell Investments Group Ltd. now owns 51,551 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 13,106 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Graham Corporation by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 75,038 shares of the industrial products company’s stock worth $1,726,000 after purchasing an additional 2,389 shares during the period. American International Group Inc. grew its stake in shares of Graham Corporation by 7.2% during the first quarter. American International Group Inc. now owns 5,893 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 398 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in shares of Graham Corporation by 16.9% during the first quarter. OppenheimerFunds Inc. now owns 12,181 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 1,762 shares during the period. Institutional investors own 74.72% of the company’s stock.
Shares of Graham Corporation (NYSE:GHM) traded down 0.61% on Monday, reaching $21.26. The company had a trading volume of 12,293 shares. The firm has a market cap of $207.67 million, a P/E ratio of 35.26 and a beta of 1.05. Graham Corporation has a one year low of $17.19 and a one year high of $25.00. The company has a 50-day moving average price of $20.79 and a 200-day moving average price of $20.75.
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About Graham Corporation
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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