Analysts Issue Forecasts for W. R. Grace & Co’s Q1 2019 Earnings (GRA)

W. R. Grace & Co (NYSE:GRA) – Seaport Global Securities issued their Q1 2019 EPS estimates for shares of W. R. Grace & Co in a research report issued on Monday. Seaport Global Securities analyst M. Harrison forecasts that the specialty chemicals company will post earnings per share of $0.86 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $82.00 target price on the stock. Seaport Global Securities also issued estimates for W. R. Grace & Co’s Q2 2019 earnings at $1.05 EPS, Q3 2019 earnings at $1.09 EPS and Q4 2019 earnings at $1.32 EPS.

Other analysts have also issued reports about the stock. TheStreet lowered shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Jefferies Group reissued a “hold” rating and issued a $77.00 target price on shares of W. R. Grace & Co in a report on Thursday, October 26th. Zacks Investment Research cut W. R. Grace & Co from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, KeyCorp restated an “overweight” rating and issued a $84.00 price target (up previously from $77.00) on shares of W. R. Grace & Co in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. W. R. Grace & Co presently has a consensus rating of “Buy” and a consensus price target of $81.60.

Shares of W. R. Grace & Co (GRA) traded up $0.86 on Wednesday, hitting $65.76. 323,491 shares of the stock traded hands, compared to its average volume of 720,080. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.59 and a quick ratio of 1.06. W. R. Grace & Co has a 1-year low of $62.58 and a 1-year high of $77.37. The firm has a market capitalization of $4,450.69, a PE ratio of 19.32, a PEG ratio of 1.46 and a beta of 1.16.

W. R. Grace & Co (NYSE:GRA) last released its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $459.50 million during the quarter, compared to analyst estimates of $453.84 million. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 57.99%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in W. R. Grace & Co by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 133 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of W. R. Grace & Co by 4.5% during the second quarter. Janus Henderson Group PLC now owns 6,985 shares of the specialty chemicals company’s stock valued at $503,000 after purchasing an additional 300 shares during the last quarter. Stoneridge Investment Partners LLC raised its position in W. R. Grace & Co by 16.9% during the fourth quarter. Stoneridge Investment Partners LLC now owns 5,104 shares of the specialty chemicals company’s stock valued at $358,000 after buying an additional 737 shares during the period. Ameriprise Financial Inc. raised its position in W. R. Grace & Co by 7.0% during the third quarter. Ameriprise Financial Inc. now owns 15,159 shares of the specialty chemicals company’s stock valued at $1,094,000 after buying an additional 990 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in W. R. Grace & Co by 1.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 97,637 shares of the specialty chemicals company’s stock valued at $7,045,000 after buying an additional 1,020 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Chairman Alfred E. Festa acquired 25,000 shares of W. R. Grace & Co stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $65.38 per share, with a total value of $1,634,500.00. Following the purchase, the chairman now directly owns 268,935 shares of the company’s stock, valued at approximately $17,582,970.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas E. Blaser acquired 5,300 shares of W. R. Grace & Co stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $65.32 per share, for a total transaction of $346,196.00. Following the completion of the purchase, the vice president now directly owns 9,962 shares in the company, valued at $650,717.84. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be issued a $0.24 dividend. This is a boost from W. R. Grace & Co’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, February 28th. This represents a $0.96 annualized dividend and a yield of 1.46%. W. R. Grace & Co’s payout ratio is 525.00%.

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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.

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

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