Graham (NYSE:GHM) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Graham (NYSE:GHM) posted its quarterly earnings results on Friday. The industrial products company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05, RTT News reports. The firm had revenue of $20.59 million for the quarter, compared to the consensus estimate of $19.19 million. Graham had a negative net margin of 0.34% and a positive return on equity of 4.85%. Graham updated its FY 2020 guidance to EPS.
Graham stock traded up $0.10 during midday trading on Friday, hitting $20.97. 27,717 shares of the stock were exchanged, compared to its average volume of 19,193. Graham has a fifty-two week low of $18.62 and a fifty-two week high of $28.98. The firm has a market cap of $207.18 million, a PE ratio of 41.12 and a beta of 0.80. The stock’s 50-day moving average price is $20.22.
GHM has been the subject of several recent analyst reports. Ascendiant Capital Markets initiated coverage on shares of Graham in a research report on Monday, April 22nd. They set a “buy” rating and a $1.59 price objective for the company. Maxim Group restated a “buy” rating and set a $126.00 price objective on shares of Western Digital in a research report on Friday.
Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps.
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