FY2017 EPS Estimates for W. R. Grace & Co. Boosted by Analyst (GRA)

W. R. Grace & Co. (NYSE:GRA) – Stock analysts at KeyCorp boosted their FY2017 EPS estimates for W. R. Grace & Co. in a research report issued on Wednesday, according to Zacks Investment Research. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings per share of $3.38 for the year, up from their previous forecast of $3.35. KeyCorp currently has a “Overweight” rating and a $84.00 target price on the stock. KeyCorp also issued estimates for W. R. Grace & Co.’s Q4 2017 earnings at $0.96 EPS.

W. R. Grace & Co. (NYSE:GRA) last announced its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The firm had revenue of $429.50 million for the quarter, compared to the consensus estimate of $411.50 million. W. R. Grace & Co. had a return on equity of 47.81% and a net margin of 10.97%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS.

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GRA has been the topic of several other research reports. BidaskClub downgraded W. R. Grace & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Monness Crespi & Hardt lowered their target price on W. R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating on shares of W. R. Grace & Co. in a report on Tuesday, October 3rd. Zacks Investment Research raised W. R. Grace & Co. from a “strong sell” rating to a “hold” rating and set a $85.00 price target for the company in a report on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $85.00 price target on shares of W. R. Grace & Co. in a report on Friday, September 1st. 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 an average rating of “Buy” and an average price target of $81.36.

W. R. Grace & Co. (NYSE GRA) traded down $0.51 during trading on Friday, reaching $71.11. The company’s stock had a trading volume of 925,900 shares, compared to its average volume of 572,378. The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 3.83. The stock has a market cap of $4,853.20, a P/E ratio of 21.25, a PEG ratio of 1.76 and a beta of 1.20. W. R. Grace & Co. has a twelve month low of $63.37 and a twelve month high of $77.37.

Several hedge funds have recently bought and sold shares of GRA. Daiwa Securities Group Inc. grew its position in shares of W. R. Grace & Co. by 22.9% in the second quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock valued at $155,000 after purchasing an additional 400 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of 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 purchasing an additional 133 shares in the last quarter. LS Investment Advisors LLC grew its position in shares of W. R. Grace & Co. by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock valued at $181,000 after purchasing an additional 298 shares in the last quarter. US Bancorp DE grew its position in shares of W. R. Grace & Co. by 26.8% in the second quarter. US Bancorp DE now owns 2,897 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 613 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of W. R. Grace & Co. by 244.1% in the third quarter. Toronto Dominion Bank now owns 2,887 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 2,048 shares in the last quarter. Institutional investors and hedge funds own 85.26% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.18%. W. R. Grace & Co.’s dividend payout ratio (DPR) is presently 39.44%.

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.

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

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