Equities analysts expect that W W Grainger Inc (NYSE:GWW) will post sales of $2.57 billion for the current quarter, according to Zacks. Eight analysts have issued estimates for W W Grainger’s earnings. The highest sales estimate is $2.61 billion and the lowest is $2.53 billion. W W Grainger posted sales of $2.47 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4%. The firm is expected to report 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 year, with estimates ranging from $10.31 billion to $10.40 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $10.87 billion per share, with estimates ranging from $10.68 billion to $11.00 billion. Zacks’ sales averages are an average based on a survey of analysts that cover W W Grainger.
W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.34. W W Grainger had a return on equity of 34.25% and a net margin of 4.83%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. W W Grainger’s revenue was up 1.5% on a year-over-year basis.
Several research analysts have recently commented on the company. Royal Bank of Canada reissued a “sell” rating and set a $145.00 price objective on shares of W W Grainger in a report on Wednesday, September 6th. Morgan Stanley set a $185.00 target price on W W Grainger and gave the stock a “sell” rating in a research report on Wednesday, October 18th. UBS Group downgraded W W Grainger from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $170.00 to $195.00 in a research report on Thursday, October 19th. TheStreet upgraded W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Finally, KeyCorp restated a “hold” rating on shares of W W Grainger in a research report on Monday, November 13th. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $191.23.
Shares of W W Grainger (GWW) traded down $1.71 during midday trading on Friday, hitting $236.25. The stock had a trading volume of 524,307 shares, compared to its average volume of 720,499. W W Grainger has a 52 week low of $155.00 and a 52 week high of $262.71. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $13,559.72, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were given a $1.28 dividend. The ex-dividend date was Friday, November 10th. This represents a $5.12 annualized dividend and a yield of 2.17%. W W Grainger’s payout ratio is currently 60.95%.
In related news, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the completion of the transaction, the vice president now owns 3,748 shares in the company, valued at $780,558.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. Insiders sold 21,536 shares of company stock valued at $4,741,329 in the last quarter. Corporate insiders own 9.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Salem Investment Counselors Inc. raised 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 valued at $109,000 after acquiring an additional 6 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of W W Grainger by 1.2% during the second quarter. Profund Advisors LLC now owns 1,394 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 17 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of W W Grainger by 1.5% during the second quarter. Thrivent Financial For Lutherans now owns 2,050 shares of the industrial products company’s stock valued at $370,000 after acquiring an additional 30 shares in the last quarter. Nordea Investment Management AB grew its stake in W W Grainger by 0.3% in the second quarter. Nordea Investment Management AB now owns 21,106 shares of the industrial products company’s stock worth $3,810,000 after purchasing an additional 73 shares during the period. Finally, D.A. Davidson & CO. grew its stake in W W Grainger by 1.7% in the second quarter. D.A. Davidson & CO. now owns 4,298 shares of the industrial products company’s stock worth $775,000 after purchasing an additional 73 shares during the period. Institutional investors own 85.02% of the company’s stock.
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W W Grainger Company Profile
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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