Northcoast Research Analysts Increase Earnings Estimates for W W Grainger Inc (GWW)

W W Grainger Inc (NYSE:GWW) – Analysts at Northcoast Research upped their Q1 2018 earnings per share estimates for shares of W W Grainger in a research note issued to investors on Thursday. Northcoast Research analyst R. Cieslak now anticipates that the industrial products company will post earnings of $3.51 per share for the quarter, up from their previous estimate of $2.84. Northcoast Research also issued estimates for W W Grainger’s Q2 2018 earnings at $3.56 EPS, Q3 2018 earnings at $3.57 EPS, Q4 2018 earnings at $3.26 EPS and FY2018 earnings at $13.90 EPS.

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

Other equities analysts have also recently issued research reports about the company. TheStreet raised W W Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Oppenheimer reissued a “buy” rating and set a $245.00 price target on shares of W W Grainger in a report on Monday, November 13th. Robert W. Baird raised W W Grainger from a “neutral” rating to a “buy” rating in a report on Thursday. Wells Fargo & Co set a $210.00 target price on W W Grainger and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of W W Grainger in a report on Monday, November 13th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $227.33.

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

In other news, VP Laura D. Brown sold 9,158 shares of the stock in a transaction dated 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 owns 16,893 shares of the company’s stock, valued at $3,933,703.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John L. Howard sold 21,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were 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. 9.60% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Welch & Forbes LLC acquired a new stake in shares of W W Grainger in the fourth quarter valued at about $203,000. Advisor Partners LLC acquired a new stake in shares of W W Grainger in the fourth quarter valued at about $209,000. Farmers & Merchants Investments Inc. increased its stake in shares of W W Grainger by 2.5% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 13,130 shares of the industrial products company’s stock valued at $3,102,000 after buying an additional 325 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of W W Grainger in the fourth quarter valued at about $602,000. Finally, Eqis Capital Management Inc. increased its stake in shares of W W Grainger by 29.3% in the fourth quarter. Eqis Capital Management Inc. now owns 4,207 shares of the industrial products company’s stock valued at $994,000 after buying an additional 953 shares during the period. 85.00% of the stock is owned by institutional investors.

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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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