Graco (GGG) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS
Graco (NYSE:GGG) announced its earnings results on Tuesday. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.06, Stock Ratings Network reports. The company had revenue of $271.90 million for the quarter, compared to the consensus estimate of $270.69 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis.
Shares of Graco (NYSE:GGG) opened at 72.04 on Tuesday. Graco has a one year low of $53.90 and a one year high of $79.66. The stock’s 50-day moving average is $76.64 and its 200-day moving average is $74.47. The company has a market cap of $4.411 billion and a price-to-earnings ratio of 21.78.
Graco Inc (NYSE:GGG) design, manufacture and sell equipment that pumps, meters, mixes, dispenses and sprays a variety of fluids and semi-solids.
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