Dougherty & Co Comments on Graham Corporation’s FY2018 Earnings (GHM)
Graham Corporation (NYSE:GHM) – Analysts at Dougherty & Co boosted their FY2018 earnings estimates for Graham Corporation in a research report issued to clients and investors on Thursday. Dougherty & Co analyst R. Ryan now expects that the industrial products company will earn $0.26 per share for the year, up from their previous forecast of $0.20.
Graham Corporation (NYSE:GHM) last released its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $20.90 million during the quarter, compared to analysts’ expectations of $17.89 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “Dougherty & Co Comments on Graham Corporation’s FY2018 Earnings (GHM)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/08/21/dougherty-co-comments-on-graham-corporations-fy2018-earnings-ghm.html.
Separately, Zacks Investment Research lowered Graham Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th.
Graham Corporation (NYSE:GHM) opened at 19.40 on Monday. Graham Corporation has a 12-month low of $17.19 and a 12-month high of $25.00. The stock has a 50 day moving average price of $19.85 and a 200-day moving average price of $21.46. The firm has a market capitalization of $189.50 million, a PE ratio of 32.17 and a beta of 1.05.
Several hedge funds have recently added to or reduced their stakes in GHM. American International Group Inc. raised its stake in Graham Corporation by 7.2% in the first quarter. American International Group Inc. now owns 5,893 shares of the industrial products company’s stock worth $136,000 after buying an additional 398 shares during the last quarter. Wells Fargo & Company MN raised its stake in Graham Corporation by 6.7% in the second quarter. Wells Fargo & Company MN now owns 7,961 shares of the industrial products company’s stock worth $157,000 after buying an additional 500 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Graham Corporation during the fourth quarter worth about $166,000. Nationwide Fund Advisors raised its stake in Graham Corporation by 18.8% in the first quarter. Nationwide Fund Advisors now owns 7,649 shares of the industrial products company’s stock worth $176,000 after buying an additional 1,209 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Graham Corporation by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 9,721 shares of the industrial products company’s stock worth $192,000 after buying an additional 1,099 shares during the last quarter. Institutional investors own 75.78% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.86%. Graham Corporation’s payout ratio is currently 60.00%.
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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