Brokerages expect W W Grainger Inc (NYSE:GWW) to report earnings of $2.18 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for W W Grainger’s earnings, with estimates ranging from $2.04 to $2.33. W W Grainger reported earnings per share of $2.45 during the same quarter last year, which would indicate a negative year over year growth rate of 11%. The firm is expected to issue its next earnings results before the market opens on Wednesday, January 24th.
On average, analysts expect that W W Grainger will report full year earnings of $10.71 per share for the current fiscal year, with EPS estimates ranging from $10.60 to $10.85. For the next fiscal year, analysts anticipate that the business will report earnings of $11.06 per share, with EPS estimates ranging from $10.80 to $11.63. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for W W Grainger.
W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. W W Grainger had a return on equity of 34.25% and a net margin of 4.83%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the company earned $3.06 EPS. The company’s revenue was up 1.5% on a year-over-year basis.
GWW has been the topic of a number of research analyst reports. TheStreet raised W W Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Oppenheimer reaffirmed a “buy” rating and issued a $245.00 target price on shares of W W Grainger in a report on Monday, November 13th. Wells Fargo & Co set a $210.00 target price on W W Grainger and gave the company a “hold” rating in a report on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of W W Grainger in a report on Monday, November 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $178.00 target price (up previously from $165.00) on shares of W W Grainger in a report on Monday, October 9th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $195.77.
In related news, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the sale, the vice president now owns 3,748 shares of the company’s stock, valued at approximately $780,558.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John L. Howard sold 21,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,694 shares of company stock worth $6,873,861. 9.60% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GWW. Pacer Advisors Inc. boosted its holdings in shares of W W Grainger by 7.5% during the 2nd quarter. Pacer Advisors Inc. now owns 1,248 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 87 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of W W Grainger by 2.5% during the 2nd quarter. Principal Financial Group Inc. now owns 85,874 shares of the industrial products company’s stock valued at $15,503,000 after acquiring an additional 2,056 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of W W Grainger by 23.3% during the 2nd quarter. Private Advisor Group LLC now owns 1,312 shares of the industrial products company’s stock valued at $234,000 after acquiring an additional 248 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its holdings in shares of W W Grainger by 26.9% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 17,121 shares of the industrial products company’s stock valued at $3,091,000 after acquiring an additional 3,628 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of W W Grainger by 3.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,716 shares of the industrial products company’s stock valued at $671,000 after acquiring an additional 135 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.
Shares of W W Grainger (NYSE GWW) traded down $2.05 during mid-day trading on Friday, hitting $235.67. The company’s stock had a trading volume of 932,861 shares, compared to its average volume of 793,362. The firm has a market cap of $13,430.00, a P/E ratio of 27.96, a PEG ratio of 2.22 and a beta of 0.82. W W Grainger has a 52-week low of $155.00 and a 52-week high of $262.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.28 and a current ratio of 2.28.
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W W Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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