Analysts predict that W W Grainger Inc (NYSE:GWW) will announce $3.57 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have made estimates for W W Grainger’s earnings. The lowest EPS estimate is $3.42 and the highest is $3.75. W W Grainger posted earnings of $2.94 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.4%. The firm is expected to report its next earnings results on Wednesday, January 23rd.
On average, analysts expect that W W Grainger will report full-year earnings of $16.29 per share for the current year, with EPS estimates ranging from $16.15 to $16.50. For the next fiscal year, analysts expect that the business will report earnings of $17.92 per share, with EPS estimates ranging from $15.90 to $18.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover W W Grainger.
W W Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.96 by $0.23. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm earned $2.79 EPS. W W Grainger’s revenue was up 7.4% on a year-over-year basis.
A number of equities analysts have weighed in on the company. Wolfe Research assumed coverage on W W Grainger in a research report on Wednesday, June 27th. They issued a “market perform” rating for the company. ValuEngine lowered W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday. Longbow Research reissued a “hold” rating on shares of W W Grainger in a research report on Wednesday. Oppenheimer decreased their target price on W W Grainger from $410.00 to $365.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, BMO Capital Markets boosted their target price on W W Grainger from $255.00 to $267.00 and gave the stock a “market perform” rating in a research report on Friday, July 6th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $308.43.
In related news, VP John L. Howard sold 14,990 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the completion of the transaction, the vice president now directly owns 58,207 shares in the company, valued at approximately $21,431,817.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Eric R. Tapia sold 1,534 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $338.19, for a total value of $518,783.46. Following the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $770,396.82. The disclosure for this sale can be found here. Insiders have sold a total of 38,972 shares of company stock valued at $13,741,862 in the last ninety days. Insiders own 10.10% of the company’s stock.
Several large investors have recently made changes to their positions in GWW. A.R.T. Advisors LLC bought a new position in W W Grainger in the 1st quarter worth approximately $1,862,000. LPL Financial LLC boosted its stake in W W Grainger by 1.1% in the 1st quarter. LPL Financial LLC now owns 16,240 shares of the industrial products company’s stock worth $4,584,000 after purchasing an additional 171 shares during the period. Point72 Asset Management L.P. boosted its stake in W W Grainger by 128.6% in the 1st quarter. Point72 Asset Management L.P. now owns 62,861 shares of the industrial products company’s stock worth $17,744,000 after purchasing an additional 35,361 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in W W Grainger by 4.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 63,114 shares of the industrial products company’s stock worth $17,816,000 after purchasing an additional 2,790 shares during the period. Finally, Millennium Management LLC boosted its stake in W W Grainger by 4,050.2% in the 1st quarter. Millennium Management LLC now owns 283,503 shares of the industrial products company’s stock worth $80,024,000 after purchasing an additional 276,672 shares during the period. Institutional investors own 79.16% of the company’s stock.
NYSE:GWW traded up $1.35 during mid-day trading on Monday, reaching $276.28. The company’s stock had a trading volume of 1,099,150 shares, compared to its average volume of 968,844. W W Grainger has a 12-month low of $191.39 and a 12-month high of $372.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.34 and a current ratio of 2.44. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82.
About W W Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.
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