Equities research analysts forecast that Graco Inc. (NYSE:GGG) will report earnings per share of $0.43 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Graco’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.41. Graco reported earnings per share of $0.34 during the same quarter last year, which suggests a positive year-over-year growth rate of 26.5%. The company is expected to announce its next quarterly earnings report on Monday, February 4th.
On average, analysts expect that Graco will report full-year earnings of $1.88 per share for the current financial year, with EPS estimates ranging from $1.86 to $1.91. For the next year, analysts anticipate that the company will post earnings of $2.02 per share, with EPS estimates ranging from $1.98 to $2.08. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Graco.
Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, October 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Graco had a net margin of 18.73% and a return on equity of 42.19%. The company had revenue of $415.94 million during the quarter, compared to analysts’ expectations of $403.62 million.
Several equities research analysts have recently weighed in on the stock. Oppenheimer reaffirmed a “hold” rating on shares of Graco in a research report on Monday, October 29th. SunTrust Banks reaffirmed a “hold” rating and issued a $45.00 price target on shares of Graco in a research report on Monday, October 29th. Zacks Investment Research raised shares of Graco from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. DA Davidson set a $49.00 price target on shares of Graco and gave the stock a “hold” rating in a research report on Monday, August 20th. Finally, ValuEngine cut shares of Graco from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.67.
Shares of GGG opened at $42.02 on Friday. Graco has a fifty-two week low of $37.36 and a fifty-two week high of $49.69. The company has a market capitalization of $7.05 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.77 and a quick ratio of 1.71.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new position in shares of Graco during the 3rd quarter worth approximately $279,000. Marshall Wace LLP bought a new position in shares of Graco during the 3rd quarter worth approximately $7,173,000. Morgan Stanley raised its stake in shares of Graco by 23.0% during the 3rd quarter. Morgan Stanley now owns 930,974 shares of the industrial products company’s stock worth $43,142,000 after acquiring an additional 174,235 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Graco by 48.4% during the 3rd quarter. Nordea Investment Management AB now owns 98,391 shares of the industrial products company’s stock worth $4,559,000 after acquiring an additional 32,102 shares in the last quarter. Finally, Beaton Management Co. Inc. bought a new position in shares of Graco during the 3rd quarter worth approximately $202,000. 85.23% of the stock is owned by hedge funds and other institutional investors.
Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.
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