Zacks: Brokerages Expect W.W. Grainger, Inc. (GWW) Will Announce Earnings of $2.14 Per Share
Equities analysts expect W.W. Grainger, Inc. (NYSE:GWW) to post earnings per share of $2.14 for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for W.W. Grainger’s earnings. The highest EPS estimate is $2.33 and the lowest is $1.91. W.W. Grainger reported earnings per share of $2.45 in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.7%. The company is expected to announce its next earnings results on Wednesday, January 24th.
On average, analysts expect that W.W. Grainger will report full-year earnings of $10.63 per share for the current year, with EPS estimates ranging from $10.37 to $10.85. For the next year, analysts forecast that the company will report earnings of $10.92 per share, with EPS estimates ranging from $9.65 to $11.63. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow W.W. Grainger.
W.W. Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $3.06 earnings per share.
A number of research firms have recently commented on GWW. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Royal Bank Of Canada raised their price objective on shares of W.W. Grainger from $145.00 to $146.00 and gave the company an “underperform” rating in a research report on Wednesday, October 18th. Credit Suisse Group set a $172.00 price objective on shares of W.W. Grainger and gave the company a “sell” rating in a research report on Wednesday, October 18th. BMO Capital Markets restated a “market perform” rating and issued a $178.00 price objective (up from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Finally, Wells Fargo & Company set a $210.00 price objective on shares of W.W. Grainger and gave the company a “hold” rating in a research report on Wednesday, October 18th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $190.85.
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W.W. Grainger (GWW) traded up $4.43 on Friday, hitting $200.01. 722,234 shares of the stock traded hands, compared to its average volume of 1,510,961. The stock has a market cap of $11.34 billion, a PE ratio of 18.14 and a beta of 0.78.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, November 10th. W.W. Grainger’s payout ratio is currently 60.95%.
In other news, VP Paige K. Robbins sold 346 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total transaction of $69,999.26. Following the sale, the vice president now owns 8,400 shares in the company, valued at approximately $1,699,404. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $208.26, for a total transaction of $39,569.40. Following the sale, the vice president now owns 3,748 shares in the company, valued at approximately $780,558.48. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Exane Derivatives bought a new position in W.W. Grainger in the 3rd quarter worth about $101,000. Salem Investment Counselors Inc. boosted its stake in 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 worth $109,000 after purchasing an additional 6 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in 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 worth $155,000 after purchasing an additional 746 shares in the last quarter. NEXT Financial Group Inc boosted its stake in 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 worth $159,000 after purchasing an additional 100 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in W.W. Grainger by 80.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 82.00% of the company’s stock.
About W.W. Grainger
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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