Graham Corporation (GHM) Scheduled to Post Quarterly Earnings on Wednesday

Graham Corporation (NYSE:GHM) is scheduled to issue 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 released its earnings results on Friday, August 4th. The industrial products company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09. The business had revenue of $20.90 million during the quarter, compared to analysts’ expectations of $17.89 million. Graham Corporation had a net margin of 6.51% and a return on equity of 5.28%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. On average, analysts expect Graham Corporation to post $0.26 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Graham Corporation (NYSE GHM) traded up 1.26% during mid-day trading on Tuesday, hitting $21.71. 11,812 shares of the stock were exchanged. The company has a market cap of $212.06 million, a P/E ratio of 36.00 and a beta of 1.05. The company has a 50-day moving average price of $20.91 and a 200-day moving average price of $20.73. Graham Corporation has a one year low of $17.19 and a one year high of $25.00.

An institutional investor recently raised its position in Graham Corporation stock. The Manufacturers Life Insurance Company increased its stake in Graham Corporation (NYSE:GHM) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,721 shares of the industrial products company’s stock after acquiring an additional 1,099 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.10% of Graham Corporation worth $192,000 as of its most recent SEC filing. Institutional investors own 74.71% of the company’s stock.

Separately, Zacks Investment Research cut shares of Graham Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th.

COPYRIGHT VIOLATION WARNING: “Graham Corporation (GHM) Scheduled to Post Quarterly Earnings on Wednesday” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://ledgergazette.com/2017/10/24/graham-corporation-ghm-scheduled-to-post-quarterly-earnings-on-wednesday.html.

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.

Earnings History for Graham Corporation (NYSE:GHM)

Receive News & Ratings for Graham Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply