Q1 2018 EPS Estimates for W. R. Grace & Co (GRA) Decreased by Seaport Global Securities

W. R. Grace & Co (NYSE:GRA) – Analysts at Seaport Global Securities lowered their Q1 2018 earnings per share (EPS) estimates for shares of W. R. Grace & Co in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings per share of $0.70 for the quarter, down from their previous forecast of $0.75. Seaport Global Securities currently has a “Buy” rating and a $82.00 price target on the stock. Seaport Global Securities also issued estimates for W. R. Grace & Co’s Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $1.18 EPS, FY2018 earnings at $3.76 EPS and FY2019 earnings at $4.32 EPS.

A number of other research firms also recently issued reports on GRA. Zacks Investment Research downgraded shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. KeyCorp reissued an “overweight” rating and set a $84.00 target price (up previously from $77.00) on shares of W. R. Grace & Co in a research report on Thursday, October 26th. Jefferies Group reissued a “hold” rating and set a $77.00 target price on shares of W. R. Grace & Co in a research report on Thursday, October 26th. Finally, TheStreet downgraded shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $81.60.

Shares of W. R. Grace & Co (NYSE GRA) opened at $65.68 on Tuesday. The stock has a market cap of $4,393.77, a P/E ratio of 19.07, a P/E/G ratio of 1.45 and a beta of 1.16. W. R. Grace & Co has a 1 year low of $62.58 and a 1 year high of $77.37. The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 3.83.

W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 57.99%. The company had revenue of $459.50 million during the quarter, compared to the consensus estimate of $453.84 million. During the same quarter in the prior year, the company posted $0.95 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year.

A number of large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in W. R. Grace & Co by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 133 shares in the last quarter. Janus Henderson Group PLC grew its position in W. R. Grace & Co by 4.5% in the second quarter. Janus Henderson Group PLC now owns 6,985 shares of the specialty chemicals company’s stock valued at $503,000 after acquiring an additional 300 shares in the last quarter. Stoneridge Investment Partners LLC grew its position in W. R. Grace & Co by 16.9% in the fourth quarter. Stoneridge Investment Partners LLC now owns 5,104 shares of the specialty chemicals company’s stock valued at $358,000 after acquiring an additional 737 shares in the last quarter. Ameriprise Financial Inc. grew its position in W. R. Grace & Co by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 15,159 shares of the specialty chemicals company’s stock valued at $1,094,000 after acquiring an additional 990 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in W. R. Grace & Co by 1.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 97,637 shares of the specialty chemicals company’s stock valued at $7,045,000 after acquiring an additional 1,020 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

In other W. R. Grace & Co news, Chairman Alfred E. Festa bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $65.38 per share, with a total value of $1,634,500.00. Following the transaction, the chairman now owns 268,935 shares in the company, valued at $17,582,970.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date 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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W. R. Grace & Co Company Profile

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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