Wall Street analysts forecast that Graco Inc. (NYSE:GGG) will post earnings of $0.43 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Graco’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.41. Graco posted earnings per share of $0.34 in the same quarter last year, which would indicate a positive year over year growth rate of 26.5%. The business is expected to report its next quarterly earnings report on Monday, February 4th.
On average, analysts expect that Graco will report full year earnings of $1.88 per share for the current financial year, with EPS estimates ranging from $1.86 to $1.91. For the next financial year, analysts expect that the company will report earnings of $2.02 per share, with EPS estimates ranging from $1.98 to $2.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Graco.
Graco (NYSE:GGG) last released its quarterly earnings results on Wednesday, October 24th. The industrial products company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.04. Graco had a return on equity of 42.19% and a net margin of 18.73%. The business had revenue of $415.94 million during the quarter, compared to analyst estimates of $403.62 million.
A number of research firms recently weighed in on GGG. Oppenheimer reiterated a “hold” rating on shares of Graco in a research report on Wednesday, August 22nd. Zacks Investment Research lowered Graco from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. DA Davidson set a $49.00 price target on Graco and gave the company a “hold” rating in a research report on Monday, August 20th. ValuEngine lowered Graco from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $45.00 price target on shares of Graco in a research report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.67.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aperio Group LLC boosted its position in Graco by 3.2% during the 2nd quarter. Aperio Group LLC now owns 47,639 shares of the industrial products company’s stock worth $2,154,000 after acquiring an additional 1,461 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Graco by 18.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,930 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 1,675 shares during the period. Arizona State Retirement System boosted its position in Graco by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 116,365 shares of the industrial products company’s stock worth $5,262,000 after acquiring an additional 1,762 shares during the period. Bank of Montreal Can boosted its position in Graco by 0.8% during the 3rd quarter. Bank of Montreal Can now owns 229,408 shares of the industrial products company’s stock worth $10,631,000 after acquiring an additional 1,782 shares during the period. Finally, Signaturefd LLC boosted its position in Graco by 727.8% during the 2nd quarter. Signaturefd LLC now owns 2,235 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 1,965 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.
NYSE:GGG opened at $42.02 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.77 and a quick ratio of 1.71. Graco has a 1-year low of $37.36 and a 1-year high of $49.69. The firm has a market capitalization of $7.05 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.81 and a beta of 1.20.
Graco Company Profile
Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.
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