W.R. Grace & Co. (NYSE:GRA) – Stock analysts at Seaport Global Securities boosted their FY2017 earnings per share estimates for shares of W.R. Grace & Co. in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $3.38 for the year, up from their prior forecast of $3.30. Seaport Global Securities also issued estimates for W.R. Grace & Co.’s Q2 2018 earnings at $0.90 EPS, Q3 2018 earnings at $0.95 EPS and FY2019 earnings at $4.29 EPS.

W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The company had revenue of $429.50 million for the quarter, compared to analyst estimates of $411.50 million. W.R. Grace & Co. had a net margin of 8.54% and a return on equity of 48.21%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.80 earnings per share.

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Several other equities analysts have also recently issued reports on GRA. Zacks Investment Research cut shares of W.R. Grace & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Monness Crespi & Hardt lowered their price target on shares of W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, July 27th. BidaskClub cut shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $85.00 price target on shares of W.R. Grace & Co. in a research note on Friday, September 1st. Finally, KeyCorp reaffirmed a “buy” rating and set a $77.00 price target on shares of W.R. Grace & Co. in a research note on Sunday, September 3rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. W.R. Grace & Co. has an average rating of “Buy” and an average target price of $81.36.

Several large investors have recently bought and sold shares of GRA. TIAA CREF Investment Management LLC grew its stake in shares of W.R. Grace & Co. by 68.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,477,805 shares of the specialty chemicals company’s stock worth $250,437,000 after purchasing an additional 1,418,816 shares during the period. Teachers Advisors LLC boosted its position in shares of W.R. Grace & Co. by 25.2% in the 2nd quarter. Teachers Advisors LLC now owns 2,232,160 shares of the specialty chemicals company’s stock worth $160,738,000 after buying an additional 449,288 shares in the last quarter. Taurus Asset Management LLC purchased a new stake in shares of W.R. Grace & Co. in the 2nd quarter worth about $8,010,000. Vanguard Group Inc. boosted its position in shares of W.R. Grace & Co. by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,895,867 shares of the specialty chemicals company’s stock worth $424,561,000 after buying an additional 98,017 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of W.R. Grace & Co. by 1,201.4% in the 2nd quarter. Marshall Wace LLP now owns 84,554 shares of the specialty chemicals company’s stock worth $6,088,000 after buying an additional 78,057 shares in the last quarter. 84.73% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.10%. W.R. Grace & Co.’s dividend payout ratio (DPR) is presently 39.44%.

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.

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

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