Gabelli Weighs in on W.W. Grainger, Inc.’s FY2017 Earnings (GWW)

W.W. Grainger, Inc. (NYSE:GWW) – Equities research analysts at Gabelli dropped their FY2017 EPS estimates for W.W. Grainger in a report issued on Wednesday. Gabelli analyst J. Bergner now expects that the industrial products company will earn $10.31 per share for the year, down from their prior forecast of $10.35. Gabelli also issued estimates for W.W. Grainger’s FY2019 earnings at $11.67 EPS and FY2020 earnings at $12.36 EPS.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. BidaskClub raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Credit Suisse Group raised shares of W.W. Grainger to a “hold” rating and set a $175.00 price objective for the company in a research report on Wednesday, July 19th. Wells Fargo & Company set a $210.00 price objective on shares of W.W. Grainger and gave the company a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $178.00 price objective (up previously from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $189.69.

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Shares of W.W. Grainger (GWW) opened at 208.81 on Thursday. W.W. Grainger has a 52-week low of $155.00 and a 52-week high of $262.71. The firm’s 50 day moving average price is $175.23 and its 200 day moving average price is $179.15. The stock has a market cap of $12.05 billion, a P/E ratio of 24.07 and a beta of 0.76.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.06 earnings per share.

Hedge funds have recently made changes to their positions in the business. Salem Investment Counselors Inc. lifted its stake in W.W. Grainger by 1.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 6 shares in the last quarter. Harfst & Associates Inc. purchased a new stake in W.W. Grainger in the 1st quarter worth $116,000. Chicago Partners Investment Group LLC lifted its stake in W.W. Grainger by 18,650.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 746 shares in the last quarter. NEXT Financial Group Inc lifted its stake in W.W. Grainger by 12.8% in the 2nd quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 100 shares in the last quarter. Finally, Enterprise Financial Services Corp lifted its stake in W.W. Grainger by 80.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 403 shares in the last quarter. Institutional investors and hedge funds own 80.48% of the company’s stock.

About W.W. Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

Earnings History and Estimates for W.W. Grainger (NYSE:GWW)

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