Analysts Set Expectations for W. R. Grace & Co’s Q1 2018 Earnings (GRA)

W. R. Grace & Co (NYSE:GRA) – Analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of W. R. Grace & Co in a research note issued to investors on Thursday. Jefferies Group analyst L. Alexander forecasts that the specialty chemicals company will post earnings per share of $0.71 for the quarter. Jefferies Group currently has a “Hold” rating and a $77.00 price target on the stock. Jefferies Group also issued estimates for W. R. Grace & Co’s Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $1.07 EPS and FY2019 earnings at $4.10 EPS.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $459.50 million for the quarter, compared to the consensus estimate of $453.84 million. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 57.99%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share.

Other analysts also recently issued research reports about the stock. TheStreet downgraded shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a report on Thursday. Zacks Investment Research downgraded shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $84.00 price target (up previously from $77.00) on shares of W. R. Grace & Co in a report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.56.

Shares of W. R. Grace & Co (NYSE GRA) opened at $64.84 on Monday. W. R. Grace & Co has a fifty-two week low of $62.58 and a fifty-two week high of $77.37. The stock has a market cap of $4,393.75, a PE ratio of 405.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.59 and a quick ratio of 1.06.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. American International Group Inc. purchased a new stake in shares of W. R. Grace & Co in the fourth quarter valued at about $113,000. Bank of New York Mellon Corp raised its position in shares of W. R. Grace & Co by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 394,182 shares of the specialty chemicals company’s stock valued at $27,644,000 after buying an additional 11,530 shares during the last quarter. Capital Fund Management S.A. raised its position in shares of W. R. Grace & Co by 980.3% in the fourth quarter. Capital Fund Management S.A. now owns 171,803 shares of the specialty chemicals company’s stock valued at $12,049,000 after buying an additional 155,900 shares during the last quarter. Toronto Dominion Bank raised its position in shares of W. R. Grace & Co by 39.2% in the fourth quarter. Toronto Dominion Bank now owns 4,020 shares of the specialty chemicals company’s stock valued at $282,000 after buying an additional 1,133 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of W. R. Grace & Co by 6.0% in the fourth quarter. California Public Employees Retirement System now owns 157,704 shares of the specialty chemicals company’s stock valued at $11,060,000 after buying an additional 8,876 shares during the last quarter. 84.90% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from W. R. Grace & Co’s previous quarterly dividend of $0.21. W. R. Grace & Co’s dividend payout ratio is 525.00%.

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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.

Earnings History and Estimates for W. R. Grace & Co (NYSE:GRA)

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