W.W. Grainger (GWW) Releases Quarterly Earnings, Misses Estimates By $0.02 EPS
W.W. Grainger (NYSE:GWW) posted its quarterly earnings results on Thursday. The company reported $3.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $3.11 by $0.02, Analyst Ratings Net reports. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.55 billion.
Several analysts have recently commented on the stock. Analysts at Cleveland Research downgraded shares of W.W. Grainger from a “buy” rating to a “neutral” rating in a research note on Monday, July 7th. On a related note, analysts at Morgan Stanley initiated coverage on shares of W.W. Grainger in a research note on Tuesday, May 13th. They set an “overweight” rating and a $296.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of W.W. Grainger in a research note on Friday, May 9th. They now have a $265.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $275.67.
W.W. Grainger (NYSE:GWW) opened at 244.88 on Thursday. W.W. Grainger has a 52-week low of $228.19 and a 52-week high of $276.38. The stock’s 50-day moving average is $256.6 and its 200-day moving average is $252.3. The company has a market cap of $16.757 billion and a P/E ratio of 21.85.
W.W. Grainger, Inc, is a distributor of maintenance, repair and operating (NYSE:GWW) supplies and other related products and services used by businesses and institutions primarily in the United States and Canada .
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