Equities research analysts forecast that W. W. Grainger (NYSE:GWW) will announce $3.74 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for W. W. Grainger’s earnings, with the highest EPS estimate coming in at $4.00 and the lowest estimate coming in at $3.29. W. W. Grainger posted earnings of $2.74 per share in the same quarter last year, which would indicate a positive year over year growth rate of 36.5%. The firm is scheduled to issue its next earnings results on Wednesday, July 18th.
According to Zacks, analysts expect that W. W. Grainger will report full-year earnings of $14.69 per share for the current financial year, with EPS estimates ranging from $13.58 to $15.20. For the next year, analysts anticipate that the company will post earnings of $16.59 per share, with EPS estimates ranging from $14.64 to $18.15. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for W. W. Grainger.
W. W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, April 19th. The industrial products company reported $4.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.44 by $0.74. W. W. Grainger had a return on equity of 39.23% and a net margin of 6.03%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the company earned $2.88 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis.
A number of research firms have commented on GWW. Deutsche Bank set a $275.00 price objective on W. W. Grainger and gave the stock a “hold” rating in a report on Friday, April 6th. Robert W. Baird raised W. W. Grainger from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. Credit Suisse Group lifted their price objective on W. W. Grainger from $190.00 to $240.00 and gave the stock an “underperform” rating in a report on Thursday, January 25th. Zacks Investment Research raised W. W. Grainger from a “hold” rating to a “buy” rating and set a $318.00 price objective for the company in a report on Wednesday, April 4th. Finally, ValuEngine raised W. W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday, April 21st. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $250.54.
Shares of W. W. Grainger stock traded down $2.70 on Wednesday, reaching $281.17. The company’s stock had a trading volume of 284,470 shares, compared to its average volume of 1,023,894. The firm has a market cap of $15,926.64, a price-to-earnings ratio of 24.60, a PEG ratio of 1.58 and a beta of 0.80. W. W. Grainger has a 52 week low of $155.00 and a 52 week high of $309.80. The company has a current ratio of 2.20, a quick ratio of 1.24 and a debt-to-equity ratio of 1.17.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 14th will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 1.93%. This is an increase from W. W. Grainger’s previous quarterly dividend of $1.28. The ex-dividend date is Friday, May 11th. W. W. Grainger’s payout ratio is presently 44.68%.
In other W. W. Grainger news, VP John L. Howard sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $295.00, for a total transaction of $5,752,500.00. Following the sale, the vice president now directly owns 57,906 shares of the company’s stock, valued at $17,082,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ronald L. Jadin sold 29,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 24th. The stock was sold at an average price of $286.93, for a total value of $8,320,970.00. Following the sale, the vice president now directly owns 49,459 shares in the company, valued at $14,191,270.87. The disclosure for this sale can be found here. Insiders sold 48,600 shares of company stock worth $14,100,076 over the last quarter. 10.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of GWW. Xact Kapitalforvaltning AB grew its stake in shares of W. W. Grainger by 5.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 11,589 shares of the industrial products company’s stock valued at $2,738,000 after buying an additional 635 shares during the last quarter. CNB Bank purchased a new stake in shares of W. W. Grainger in the fourth quarter valued at approximately $219,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of W. W. Grainger by 47.8% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,400 shares of the industrial products company’s stock valued at $803,000 after purchasing an additional 1,100 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of W. W. Grainger by 22.8% in the fourth quarter. Sterling Capital Management LLC now owns 14,445 shares of the industrial products company’s stock valued at $3,413,000 after purchasing an additional 2,680 shares during the period. Finally, BB&T Investment Services Inc. boosted its holdings in shares of W. W. Grainger by 6.8% in the fourth quarter. BB&T Investment Services Inc. now owns 7,048 shares of the industrial products company’s stock valued at $1,659,000 after purchasing an additional 446 shares during the period. 81.77% of the stock is currently owned by institutional investors.
W. W. Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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