Wall Street brokerages expect W.R. Grace & Co. (NYSE:GRA) to report $408.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for W.R. Grace & Co.’s earnings. The lowest sales estimate is $407.50 million and the highest is $408.50 million. W.R. Grace & Co. reported sales of $404.50 million during the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The business is expected to announce its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that W.R. Grace & Co. will report full year sales of $408.00 million for the current fiscal year, with estimates ranging from $1.65 billion to $1.68 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.74 billion per share, with estimates ranging from $1.71 billion to $1.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover W.R. Grace & Co..

W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $429.50 million for the quarter, compared to analysts’ expectations of $407.72 million. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share.

Several brokerages have recently weighed in on GRA. Zacks Investment Research raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $70.00 target price on shares of W.R. Grace & Co. in a research note on Friday, June 16th. Vertical Research began coverage on W.R. Grace & Co. in a research note on Thursday, May 25th. They set a “buy” rating and a $81.00 target price for the company. Susquehanna Bancshares Inc began coverage on W.R. Grace & Co. in a research note on Tuesday, April 25th. They set a “neutral” rating and a $75.00 target price for the company. Finally, Goldman Sachs Group Inc downgraded W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $80.18.

Shares of W.R. Grace & Co. (NYSE:GRA) opened at 68.96 on Monday. The company has a market cap of $4.70 billion, a PE ratio of 33.57 and a beta of 1.12. The stock’s 50 day moving average is $70.85 and its 200 day moving average is $70.34. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $80.56.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, August 15th. W.R. Grace & Co.’s dividend payout ratio is currently 42.21%.

In related news, VP William C. Dockman sold 4,940 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $70.02, for a total value of $345,898.80. Following the completion of the transaction, the vice president now directly owns 6,275 shares of the company’s stock, valued at approximately $439,375.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mark A. Shelnitz sold 26,853 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total value of $1,918,378.32. Following the completion of the transaction, the vice president now directly owns 83,437 shares of the company’s stock, valued at $5,960,739.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its position in W.R. Grace & Co. by 7.2% in the first quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock valued at $159,000 after buying an additional 154 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in W.R. Grace & Co. by 5.1% in the second quarter. Xact Kapitalforvaltning AB now owns 5,533 shares of the specialty chemicals company’s stock valued at $398,000 after buying an additional 267 shares in the last quarter. LS Investment Advisors LLC increased its position in W.R. Grace & Co. by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock valued at $181,000 after buying an additional 298 shares in the last quarter. Pictet Asset Management Ltd. increased its position in W.R. Grace & Co. by 1.2% in the second quarter. Pictet Asset Management Ltd. now owns 25,100 shares of the specialty chemicals company’s stock valued at $1,799,000 after buying an additional 300 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in W.R. Grace & Co. by 22.9% in the second quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock valued at $155,000 after buying an additional 400 shares in the last quarter. 83.74% of the stock is owned by hedge funds and other institutional investors.

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W.R. Grace & Co. Company Profile

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

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Earnings History and Estimates for W.R. Grace & Co. (NYSE:GRA)

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