Wall Street brokerages expect that W W Grainger Inc (NYSE:GWW) will announce sales of $2.57 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for W W Grainger’s earnings, with estimates ranging from $2.53 billion to $2.61 billion. W W Grainger reported sales of $2.47 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The business is expected to announce its next earnings results before the market opens on Wednesday, January 24th.

On average, analysts expect that W W Grainger will report full-year sales of $2.57 billion for the current financial year, with estimates ranging from $10.31 billion to $10.40 billion. For the next financial year, analysts forecast that the company will report sales of $10.87 billion per share, with estimates ranging from $10.68 billion to $11.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow W W Grainger.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the company earned $3.06 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year.

Several equities analysts recently issued reports on the company. Credit Suisse Group restated an “underperform” rating and set a $190.00 price objective (up from $172.00) on shares of W W Grainger in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Royal Bank of Canada restated a “sell” rating and set a $192.00 price objective on shares of W W Grainger in a research note on Thursday, January 4th. TheStreet upgraded W W Grainger from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. KeyCorp restated a “hold” rating on shares of W W Grainger in a research note on Monday, November 13th. Finally, Oppenheimer restated a “buy” rating and set a $245.00 price objective on shares of W W Grainger in a research note on Monday, November 13th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. W W Grainger has a consensus rating of “Hold” and an average price target of $195.77.

Shares of W W Grainger (NYSE GWW) opened at $235.67 on Monday. W W Grainger has a 1 year low of $155.00 and a 1 year high of $262.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.28 and a current ratio of 2.28. The firm has a market cap of $13,430.00, a P/E ratio of 27.96, a PEG ratio of 2.20 and a beta of 0.82.

In related news, VP Eric R. Tapia sold 190 shares of W W Grainger stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the transaction, the vice president now directly owns 3,748 shares of the company’s stock, valued at $780,558.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John L. Howard sold 21,000 shares of W W Grainger stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,694 shares of company stock worth $6,873,861. Company insiders own 9.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Exane Derivatives acquired a new position in W W Grainger during the third quarter worth about $101,000. Westside Investment Management Inc. acquired a new position in W W Grainger during the third quarter worth about $107,000. Salem Investment Counselors Inc. grew its holdings in W W Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 6 shares during the period. Fieldpoint Private Securities LLC acquired a new position in W W Grainger during the third quarter worth about $133,000. Finally, Legacy Advisors LLC acquired a new position in W W Grainger during the third quarter worth about $198,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for W W Grainger (NYSE:GWW)

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