Wall Street brokerages expect W.R. Grace & Co. (NYSE:GRA) to report $446.10 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for W.R. Grace & Co.’s earnings, with the lowest sales estimate coming in at $444.10 million and the highest estimate coming in at $448.10 million. W.R. Grace & Co. posted sales of $440.80 million during the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The business is expected to report its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that W.R. Grace & Co. will report full-year sales of $446.10 million for the current year, with estimates ranging from $1.70 billion to $1.72 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.77 billion per share, with estimates ranging from $1.76 billion to $1.80 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover W.R. Grace & Co..

W.R. Grace & Co. (NYSE:GRA) last posted its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. W.R. Grace & Co. had a net margin of 8.54% and a return on equity of 48.03%. The business had revenue of $429.50 million during the quarter, compared to analyst estimates of $411.50 million. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year.

A number of research analysts have recently issued reports on GRA shares. Zacks Investment Research raised shares of W.R. Grace & Co. from a “strong sell” rating to a “hold” rating and set a $85.00 price objective on the stock in a research report on Friday, October 27th. BidaskClub downgraded shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. KeyCorp reissued an “overweight” rating and set a $84.00 target price (up previously from $77.00) on shares of W.R. Grace & Co. in a research report on Thursday, October 26th. Jefferies Group LLC reissued a “hold” rating and set a $77.00 target price on shares of W.R. Grace & Co. in a research report on Thursday, October 26th. Finally, Loop Capital started coverage on shares of W.R. Grace & Co. in a report on Thursday, September 28th. They issued a “buy” rating and a $81.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $81.36.

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Shares of W.R. Grace & Co. (GRA) opened at $71.62 on Friday. W.R. Grace & Co. has a twelve month low of $63.37 and a twelve month high of $77.37. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.59 and a quick ratio of 1.06. The company has a market cap of $4,996.86, a PE ratio of 21.88, a PEG ratio of 1.82 and a beta of 1.20.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, November 14th. W.R. Grace & Co.’s dividend payout ratio is currently 39.44%.

A number of hedge funds have recently made changes to their positions in GRA. OppenheimerFunds Inc. boosted its stake in W.R. Grace & Co. by 43.4% during the first quarter. OppenheimerFunds Inc. now owns 7,600 shares of the specialty chemicals company’s stock worth $530,000 after buying an additional 2,300 shares during the period. State Street Corp lifted its position in shares of W.R. Grace & Co. by 1.2% during the first quarter. State Street Corp now owns 1,282,155 shares of the specialty chemicals company’s stock worth $89,390,000 after purchasing an additional 14,641 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of W.R. Grace & Co. by 5.1% during the second quarter. Xact Kapitalforvaltning AB now owns 5,533 shares of the specialty chemicals company’s stock worth $398,000 after purchasing an additional 267 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of W.R. Grace & Co. by 478.9% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 11,085 shares of the specialty chemicals company’s stock worth $798,000 after purchasing an additional 9,170 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its position in shares of W.R. Grace & Co. by 13.4% during the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock worth $181,000 after purchasing an additional 298 shares in the last quarter. 85.26% of the stock is owned by institutional investors.

About W.R. Grace & Co.

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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