Brokerages predict that W W Grainger Inc (NYSE:GWW) will report sales of $2.57 billion for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for W W Grainger’s earnings. The lowest sales estimate is $2.53 billion and the highest is $2.61 billion. W W Grainger reported sales of $2.47 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The business is scheduled to announce its next earnings report before the market opens on Wednesday, January 24th.
According to Zacks, analysts expect that W W Grainger will report full-year sales of $2.57 billion for the current financial year, with estimates ranging from $10.31 billion to $10.40 billion. For the next fiscal year, analysts forecast that the firm will report sales of $10.87 billion per share, with estimates ranging from $10.68 billion to $11.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover W W Grainger.
W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.34. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. W W Grainger had a net margin of 4.83% and a return on equity of 34.25%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.06 earnings per share.
GWW has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sell” rating and issued a $145.00 price target on shares of W W Grainger in a research note on Wednesday, September 6th. Zacks Investment Research lowered shares of W W Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Morgan Stanley reiterated an “underweight” rating and issued a $178.00 price target (up from $172.00) on shares of W W Grainger in a research note on Monday, October 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a $178.00 price target (up from $165.00) on shares of W W Grainger in a research note on Monday, October 9th. Finally, Wells Fargo & Co set a $210.00 price target on shares of W W Grainger and gave the company a “hold” rating in a research note on Wednesday, October 18th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $191.23.
In other news, VP John L. Howard sold 21,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total value of $4,631,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eric R. Tapia sold 190 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the completion of the sale, the vice president now directly owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. Insiders sold 21,536 shares of company stock valued at $4,741,329 over the last three months. Corporate insiders own 9.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of GWW. Exane Derivatives acquired a new stake in shares of W W Grainger during the third quarter worth $101,000. Westside Investment Management Inc. acquired a new stake in shares of W W Grainger during the third quarter worth $107,000. Salem Investment Counselors Inc. lifted its holdings in shares of W W Grainger by 1.0% during the second 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 during the period. Fieldpoint Private Securities LLC acquired a new stake in shares of W W Grainger during the third quarter worth $133,000. Finally, Legacy Advisors LLC acquired a new stake in shares of W W Grainger during the third quarter worth $198,000. 85.02% of the stock is owned by institutional investors and hedge funds.
Shares of W W Grainger (NYSE GWW) traded down $1.71 during trading on Friday, reaching $236.25. 524,307 shares of the company’s stock traded hands, compared to its average volume of 720,499. The stock has a market capitalization of $13,559.72, a price-to-earnings ratio of 28.13, a P/E/G ratio of 2.29 and a beta of 0.82. W W Grainger has a one year low of $155.00 and a one year high of $262.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were issued a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Friday, November 10th. W W Grainger’s payout ratio is currently 60.95%.
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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.
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