Zacks: Analysts Expect W W Grainger Inc (GWW) Will Post Quarterly Sales of $2.79 Billion

Equities analysts expect W W Grainger Inc (NYSE:GWW) to announce $2.79 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for W W Grainger’s earnings. The lowest sales estimate is $2.77 billion and the highest is $2.80 billion. W W Grainger reported sales of $2.63 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 23rd.

According to Zacks, analysts expect that W W Grainger will report full year sales of $11.26 billion for the current fiscal year, with estimates ranging from $11.23 billion to $11.31 billion. For the next year, analysts forecast that the company will report sales of $12.00 billion, with estimates ranging from $11.89 billion to $12.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for W W Grainger.

W W Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.96 by $0.23. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $2.79 EPS.

A number of equities analysts recently issued reports on the company. Longbow Research restated a “hold” rating on shares of W W Grainger in a research note on Wednesday, October 17th. Oppenheimer reduced their target price on W W Grainger from $410.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, October 17th. BMO Capital Markets reduced their target price on W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a research note on Wednesday, October 17th. ValuEngine lowered W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Gordon Haskett assumed coverage on W W Grainger in a research note on Friday, October 12th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $308.43.

In other W W Grainger news, VP John L. Howard sold 14,990 shares of W W Grainger stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the completion of the transaction, the vice president now owns 58,207 shares in the company, valued at approximately $21,431,817.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian P. Anderson sold 1,000 shares of W W Grainger stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $360.18, for a total value of $360,180.00. Following the transaction, the director now owns 4,040 shares of the company’s stock, valued at approximately $1,455,127.20. The disclosure for this sale can be found here. Company insiders own 10.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in GWW. FMR LLC increased its stake in shares of W W Grainger by 94.6% in the 2nd quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock valued at $427,667,000 after purchasing an additional 673,993 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of W W Grainger by 34,096.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after purchasing an additional 444,283 shares in the last quarter. Bank of Montreal Can increased its stake in shares of W W Grainger by 493.8% in the 2nd quarter. Bank of Montreal Can now owns 404,210 shares of the industrial products company’s stock valued at $124,656,000 after purchasing an additional 336,133 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of W W Grainger by 680.6% in the 2nd quarter. Voya Investment Management LLC now owns 239,514 shares of the industrial products company’s stock valued at $73,866,000 after purchasing an additional 208,829 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its stake in shares of W W Grainger by 32.5% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 759,809 shares of the industrial products company’s stock valued at $271,563,000 after purchasing an additional 186,332 shares in the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

Shares of GWW stock opened at $293.75 on Friday. The firm has a market capitalization of $16.20 billion, a P/E ratio of 25.63, a PEG ratio of 1.42 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. W W Grainger has a 1 year low of $191.39 and a 1 year high of $372.06.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Monday, November 12th will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, November 8th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.85%. W W Grainger’s payout ratio is currently 47.47%.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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