Q1 2018 EPS Estimates for W W Grainger Inc Increased by Analyst (GWW)

W W Grainger Inc (NYSE:GWW) – Investment analysts at Oppenheimer upped their Q1 2018 earnings per share estimates for W W Grainger in a note issued to investors on Wednesday. Oppenheimer analyst C. Glynn now anticipates that the industrial products company will post earnings per share of $3.36 for the quarter, up from their prior forecast of $2.59. Oppenheimer currently has a “Outperform” rating and a $320.00 target price on the stock. Oppenheimer also issued estimates for W W Grainger’s Q2 2018 earnings at $3.34 EPS, Q3 2018 earnings at $3.70 EPS, Q4 2018 earnings at $3.31 EPS, FY2018 earnings at $13.70 EPS and FY2019 earnings at $15.80 EPS.

W W Grainger (NYSE:GWW) last announced its earnings results 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 business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. W W Grainger’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.45 EPS.

Other research analysts also recently issued reports about the company. TheStreet upgraded W W Grainger from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Robert W. Baird upgraded W W Grainger from a “neutral” rating to a “buy” rating in a research note on Thursday. KeyCorp restated a “hold” rating on shares of W W Grainger in a research note on Monday, November 13th. Wells Fargo & Co set a $210.00 price target on W W Grainger and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research upgraded W W Grainger from a “strong sell” rating to a “hold” rating in a research note on Monday, January 22nd. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. W W Grainger has an average rating of “Hold” and an average price target of $227.33.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Exane Derivatives bought a new position in shares of W W Grainger during the 3rd quarter worth approximately $101,000. Westside Investment Management Inc. bought a new position in shares of W W Grainger during the 3rd quarter worth approximately $107,000. Salem Investment Counselors Inc. boosted its stake in shares of W W Grainger by 1.0% during the 2nd 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 bought a new position in shares of W W Grainger during the 3rd quarter worth approximately $133,000. Finally, Glenview State Bank Trust DEPT. bought a new position in shares of W W Grainger during the 4th quarter worth approximately $202,000. Institutional investors own 85.00% of the company’s stock.

In other news, VP John L. Howard sold 21,000 shares of W W Grainger stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Laura D. Brown sold 9,158 shares of W W Grainger stock in a transaction that occurred 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 transaction, the vice president now owns 16,893 shares of the company’s stock, valued at $3,933,703.98. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.

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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.

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

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