W.W. Grainger (GWW) Set to Announce Quarterly Earnings on Wednesday
W.W. Grainger (NYSE:GWW) is scheduled to be announcing its Q313 earnings results on Wednesday, October 16th. Analysts expect the company to announce earnings of $3.06 per share and revenue of $2.43 billion for the quarter. W.W. Grainger has set its FY13 guidance at $11.40-12.00 EPS.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 17th. The company reported $3.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.96 by $0.07. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company posted $2.63 earnings per share. W.W. Grainger’s revenue was up 5.9% compared to the same quarter last year. On average, analysts expect W.W. Grainger to post $11.76 EPS for the current fiscal year and $13.44 EPS for the next fiscal year.
Shares of W.W. Grainger (NYSE:GWW) opened at 258.61 on Tuesday. W.W. Grainger has a 1-year low of $184.78 and a 1-year high of $276.38. The stock’s 50-day moving average is $261. and its 200-day moving average is $254.4. The company has a market cap of $17.973 billion and a P/E ratio of 25.12.
GWW has been the subject of a number of recent research reports. Analysts at Robert W. Baird raised their price target on shares of W.W. Grainger from $285.00 to $290.00 in a research note to investors on Friday, October 4th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Citigroup Inc. upgraded shares of W.W. Grainger from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of W.W. Grainger in a research note to investors on Tuesday, September 24th. They now have a $281.00 price target on the stock. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $255.92.
W.W. Grainger, Inc(NYSE:GWW) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services used by businesses and institutions primarily in the United States and Canada .
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