$0.41 Earnings Per Share Expected for Graco Inc. (GGG) This Quarter

Equities analysts predict that Graco Inc. (NYSE:GGG) will post earnings per share of $0.41 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Graco’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.37. Graco reported earnings per share of $0.35 during the same quarter last year, which would indicate a positive year over year growth rate of 17.1%. The company is expected to announce its next quarterly earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Graco will report full-year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.68 to $1.92. For the next fiscal year, analysts forecast that the firm will report earnings of $1.95 per share, with EPS estimates ranging from $1.79 to $2.07. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Graco.

Graco (NYSE:GGG) last released its quarterly earnings results on Monday, January 29th. The industrial products company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $369.53 million. Graco had a return on equity of 40.08% and a net margin of 17.12%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 earnings per share.

A number of equities analysts have recently weighed in on the company. B. Riley reiterated a “neutral” rating on shares of Graco in a report on Wednesday, November 1st. Zacks Investment Research upgraded Graco from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Saturday. Robert W. Baird reiterated a “hold” rating and set a $45.00 price target on shares of Graco in a report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Graco in a report on Friday, October 20th. Finally, ValuEngine cut Graco from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $47.33.

Graco (NYSE:GGG) opened at $43.14 on Tuesday. The firm has a market capitalization of $7,624.70, a price-to-earnings ratio of 29.68, a PEG ratio of 2.42 and a beta of 1.15. The company has a current ratio of 2.70, a quick ratio of 1.67 and a debt-to-equity ratio of 0.31. Graco has a twelve month low of $29.59 and a twelve month high of $49.69.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Monday, January 22nd will be issued a dividend of $0.3975 per share. This represents a $1.59 dividend on an annualized basis and a yield of 3.69%. This is a boost from Graco’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 19th. Graco’s dividend payout ratio (DPR) is 36.47%.

In related news, CFO Christian E. Rothe sold 12,750 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $132.01, for a total transaction of $1,683,127.50. Following the completion of the transaction, the chief financial officer now directly owns 16,905 shares in the company, valued at approximately $2,231,629.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Karen Park Gallivan sold 27,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $46.67, for a total value of $1,260,090.00. Following the transaction, the vice president now owns 72,305 shares of the company’s stock, valued at $3,374,474.35. The disclosure for this sale can be found here. Insiders have sold a total of 144,652 shares of company stock valued at $14,419,502 over the last 90 days. 5.70% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Cardinal Capital Management raised its position in Graco by 6.8% in the 3rd quarter. Cardinal Capital Management now owns 7,621 shares of the industrial products company’s stock valued at $942,000 after purchasing an additional 488 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Graco by 4.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 108,820 shares of the industrial products company’s stock valued at $13,460,000 after purchasing an additional 5,072 shares in the last quarter. Prudential Financial Inc. raised its position in Graco by 6.3% in the 3rd quarter. Prudential Financial Inc. now owns 348,478 shares of the industrial products company’s stock valued at $43,103,000 after purchasing an additional 20,740 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in Graco by 24.3% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 26,179 shares of the industrial products company’s stock valued at $3,238,000 after purchasing an additional 5,126 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in Graco in the 2nd quarter valued at about $582,000. Institutional investors own 32.29% of the company’s stock.

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Graco Company Profile

Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

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Earnings History and Estimates for Graco (NYSE:GGG)

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