Zacks: Brokerages Expect W. R. Grace & Co (GRA) Will Announce Quarterly Sales of $446.10 Million

Analysts forecast that W. R. Grace & Co (NYSE:GRA) will report sales of $446.10 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for W. R. Grace & Co’s earnings. The lowest sales estimate is $444.10 million and the highest is $448.10 million. W. R. Grace & Co reported sales of $440.80 million in the same quarter last year, which indicates a positive year over year growth rate of 1.2%. The company is scheduled to announce 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 financial year, with estimates ranging from $1.70 billion to $1.72 billion. For the next fiscal year, analysts expect that the company will report sales of $1.82 billion per share, with estimates ranging from $1.76 billion to $1.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for W. R. Grace & Co.

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

GRA has been the topic of several recent research reports. Zacks Investment Research downgraded W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Jefferies Group reaffirmed a “hold” rating on shares of W. R. Grace & Co in a research note on Tuesday, October 3rd. KeyCorp reaffirmed an “overweight” rating and issued a $84.00 price objective (up previously from $77.00) on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Finally, Loop Capital initiated coverage on W. R. Grace & Co in a research note on Thursday, September 28th. They issued a “buy” rating and a $81.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. W. R. Grace & Co has an average rating of “Buy” and an average target price of $81.60.

W. R. Grace & Co (NYSE GRA) traded down $1.01 during midday trading on Friday, hitting $72.79. The stock had a trading volume of 375,300 shares, compared to its average volume of 495,750. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.59 and a quick ratio of 1.06. W. R. Grace & Co has a 1 year low of $65.84 and a 1 year high of $77.37. The company has a market capitalization of $5,000.92, a P/E ratio of 34.17, a P/E/G ratio of 1.67 and a beta of 1.18.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP raised its stake in W. R. Grace & Co by 200.8% during the 3rd quarter. GSA Capital Partners LLP now owns 22,455 shares of the specialty chemicals company’s stock valued at $1,620,000 after purchasing an additional 14,990 shares during the period. Neuberger Berman Group LLC raised its stake in W. R. Grace & Co by 1.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,397,331 shares of the specialty chemicals company’s stock valued at $100,817,000 after purchasing an additional 16,959 shares during the period. California Public Employees Retirement System raised its stake in W. R. Grace & Co by 7.1% during the 3rd quarter. California Public Employees Retirement System now owns 148,828 shares of the specialty chemicals company’s stock valued at $10,738,000 after purchasing an additional 9,828 shares during the period. Cubist Systematic Strategies LLC raised its stake in W. R. Grace & Co by 1,224.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,599 shares of the specialty chemicals company’s stock valued at $765,000 after purchasing an additional 9,799 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in W. R. Grace & Co by 2,472.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 905,520 shares of the specialty chemicals company’s stock valued at $65,333,000 after purchasing an additional 870,320 shares during the period. 84.79% of the stock is currently owned by institutional investors.

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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.

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

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