Brokers Set Expectations for W W Grainger Inc’s Q1 2018 Earnings (GWW)

W W Grainger Inc (NYSE:GWW) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of W W Grainger in a report issued on Thursday. KeyCorp analyst S. Barger anticipates that the industrial products company will earn $3.40 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for W W Grainger’s Q2 2018 earnings at $3.54 EPS, Q3 2018 earnings at $3.59 EPS and Q4 2018 earnings at $3.52 EPS.

GWW has been the subject of a number of other reports. Royal Bank of Canada lifted their price objective on W W Grainger from $145.00 to $146.00 and gave the company an “underperform” rating in a report on Wednesday, October 18th. Credit Suisse Group set a $172.00 price objective on W W Grainger and gave the company a “sell” rating in a report on Wednesday, October 18th. BMO Capital Markets reissued a “market perform” rating and set a $178.00 price objective (up from $165.00) on shares of W W Grainger in a report on Monday, October 9th. TheStreet raised W W Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research cut W W Grainger from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 16th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $227.33.

W W Grainger (NYSE GWW) opened at $285.26 on Monday. The stock has a market capitalization of $16,260.00, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. W W Grainger has a twelve month low of $155.00 and a twelve month high of $298.14. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.28 and a current ratio of 2.13.

W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $2.45 earnings per share.

In other news, VP Laura D. Brown sold 9,158 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total value of $2,132,531.88. Following the completion of the sale, the vice president now directly owns 16,893 shares in the company, valued at $3,933,703.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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. Company insiders own 9.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Tredje AP fonden increased its position in W W Grainger by 32.2% in the third quarter. Tredje AP fonden now owns 3,450 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 840 shares during the period. Ronna Sue Cohen acquired a new stake in W W Grainger in the third quarter worth about $3,651,000. MU Investments Co. Ltd. increased its position in W W Grainger by 29.2% in the fourth quarter. MU Investments Co. Ltd. now owns 24,800 shares of the industrial products company’s stock worth $5,901,000 after purchasing an additional 5,600 shares during the period. Koch Industries Inc. increased its position in W W Grainger by 27,293.0% in the second quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 469,712 shares during the period. Finally, Moors & Cabot Inc. acquired a new stake in W W Grainger in the second quarter worth about $1,195,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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W W Grainger Company Profile

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.

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

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