$446.10 Million in Sales Expected for W. R. Grace & Co (GRA) This Quarter

Equities research analysts expect that W. R. Grace & Co (NYSE:GRA) will announce sales of $446.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for W. R. Grace & Co’s earnings, with the lowest sales estimate coming in at $444.10 million and the highest estimate coming in at $448.10 million. W. R. Grace & Co posted sales of $440.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The firm is scheduled to report its next earnings results before the market opens on Thursday, February 8th.

According to Zacks, 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 firm will post 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 a mean average based on a survey of sell-side research analysts that follow W. R. Grace & Co.

GRA has been the subject of several research reports. KeyCorp reissued a “buy” rating and set a $77.00 price objective on shares of W. R. Grace & Co in a research note on Tuesday, October 17th. Zacks Investment Research lowered W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, Jefferies Group reissued a “hold” rating and set a $77.00 price objective on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $81.60.

Shares of W. R. Grace & Co (NYSE:GRA) opened at $72.03 on Monday. The firm has a market capitalization of $4,880.98, a price-to-earnings ratio of 21.37, a PEG ratio of 1.63 and a beta of 1.16. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.06 and a current ratio of 1.59. W. R. Grace & Co has a one year low of $65.84 and a one year high of $77.37.

Several institutional investors have recently modified their holdings of GRA. Prudential Financial Inc. boosted its position in shares of W. R. Grace & Co by 4.6% in the second quarter. Prudential Financial Inc. now owns 4,553 shares of the specialty chemicals company’s stock worth $328,000 after buying an additional 200 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of W. R. Grace & Co by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 7,814 shares of the specialty chemicals company’s stock worth $562,000 after buying an additional 101 shares during the period. Northern Trust Corp boosted its position in shares of W. R. Grace & Co by 0.3% in the second quarter. Northern Trust Corp now owns 441,757 shares of the specialty chemicals company’s stock worth $31,811,000 after buying an additional 1,291 shares during the period. California Public Employees Retirement System boosted its position in shares of W. R. Grace & Co by 4.5% in the second quarter. California Public Employees Retirement System now owns 139,000 shares of the specialty chemicals company’s stock worth $10,009,000 after buying an additional 6,000 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of W. R. Grace & Co by 2.7% in the second quarter. Parametric Portfolio Associates LLC now owns 48,265 shares of the specialty chemicals company’s stock worth $3,476,000 after buying an additional 1,257 shares during the period. 84.90% of the stock is owned by institutional investors and hedge funds.

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About W. R. Grace & Co

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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