Equities Analysts Offer Predictions for W.W. Grainger, Inc.’s Q3 2018 Earnings (GWW)
W.W. Grainger, Inc. (NYSE:GWW) – Oppenheimer Holdings issued their Q3 2018 earnings per share estimates for W.W. Grainger in a note issued to investors on Tuesday. Oppenheimer Holdings analyst C. Glynn anticipates that the industrial products company will post earnings per share of $3.21 for the quarter. Oppenheimer Holdings has a “Outperform” rating and a $245.00 price objective on the stock.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.34. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm posted $3.06 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Equities Analysts Offer Predictions for W.W. Grainger, Inc.’s Q3 2018 Earnings (GWW)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/20/equities-analysts-offer-predictions-for-w-w-grainger-inc-s-q3-2018-earnings-gww.html.
A number of other brokerages have also issued reports on GWW. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Atlantic Securities upgraded shares of W.W. Grainger from an “underweight” rating to a “neutral” rating in a research note on Thursday. Credit Suisse Group reiterated an “underperform” rating and set a $150.00 target price (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. BMO Capital Markets reiterated a “market perform” rating and set a $178.00 target price (up previously from $165.00) on shares of W.W. Grainger in a research note on Monday, October 9th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $174.00 target price (down previously from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. W.W. Grainger has an average rating of “Hold” and a consensus price target of $190.85.
Shares of W.W. Grainger (NYSE GWW) traded up 1.54% during midday trading on Friday, hitting $207.81. 873,729 shares of the company’s stock were exchanged. The stock has a market cap of $11.99 billion, a PE ratio of 23.96 and a beta of 0.76. The stock’s 50 day moving average is $176.51 and its 200-day moving average is $179.34. W.W. Grainger has a 1-year low of $155.00 and a 1-year high of $262.71.
In other news, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the transaction, the vice president now owns 3,748 shares in the company, valued at approximately $780,558.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of GWW. Exane Derivatives acquired a new position in shares of W.W. Grainger in the 3rd quarter valued at about $101,000. Salem Investment Counselors Inc. increased its holdings in shares of W.W. Grainger by 1.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 6 shares during the period. Harfst & Associates Inc. acquired a new position in shares of W.W. Grainger in the 1st quarter valued at about $116,000. Chicago Partners Investment Group LLC increased its holdings in shares of W.W. Grainger by 18,650.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 746 shares during the period. Finally, NEXT Financial Group Inc increased its holdings in shares of W.W. Grainger by 12.8% in the 2nd quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 100 shares during the period. Institutional investors own 80.48% of the company’s stock.
W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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