Analysts predict that W W Grainger Inc (NYSE:GWW) will post $4.70 earnings per share for the current quarter, according to Zacks. Eight analysts have provided estimates for W W Grainger’s earnings, with the lowest EPS estimate coming in at $4.43 and the highest estimate coming in at $4.86. W W Grainger posted earnings per share of $4.37 during the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The firm is expected to announce its next earnings results on Wednesday, July 17th.
According to Zacks, analysts expect that W W Grainger will report full year earnings of $18.00 per share for the current financial year, with EPS estimates ranging from $17.68 to $18.30. For the next fiscal year, analysts expect that the firm will report earnings of $19.90 per share, with EPS estimates ranging from $19.00 to $20.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover W W Grainger.
W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Monday, April 22nd. The industrial products company reported $4.51 earnings per share for the quarter, beating analysts’ consensus estimates of $4.42 by $0.09. W W Grainger had a net margin of 6.95% and a return on equity of 46.52%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the previous year, the business earned $4.18 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis.
GWW has been the topic of several research analyst reports. BMO Capital Markets lowered their target price on W W Grainger to $310.00 and set a “market perform” rating on the stock in a research note on Tuesday. Buckingham Research lifted their price target on W W Grainger from $309.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Gordon Haskett lowered W W Grainger from a “hold” rating to an “underperform” rating and set a $308.99 price target for the company. in a report on Friday, April 12th. Zacks Investment Research lowered W W Grainger from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, Peel Hunt upgraded W W Grainger from an “add” rating to a “buy” rating in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $310.23.
In other news, Chairman Donald G. Macpherson sold 2,317 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $310.03, for a total transaction of $718,339.51. Following the sale, the chairman now directly owns 45,848 shares in the company, valued at $14,214,255.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John L. Howard sold 1,211 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $310.09, for a total value of $375,518.99. Following the sale, the vice president now owns 44,934 shares in the company, valued at $13,933,584.06. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in W W Grainger by 4.2% in the fourth quarter. BlackRock Inc. now owns 3,372,604 shares of the industrial products company’s stock worth $952,290,000 after buying an additional 135,674 shares during the period. Longview Partners Guernsey LTD grew its position in shares of W W Grainger by 84.1% during the 4th quarter. Longview Partners Guernsey LTD now owns 3,155,394 shares of the industrial products company’s stock valued at $890,957,000 after acquiring an additional 1,441,615 shares during the period. Ronna Sue Cohen grew its position in shares of W W Grainger by 27,609.9% during the 1st quarter. Ronna Sue Cohen now owns 2,981,867 shares of the industrial products company’s stock valued at $2,982,000 after acquiring an additional 2,971,106 shares during the period. Northern Trust Corp grew its position in shares of W W Grainger by 8.9% during the 4th quarter. Northern Trust Corp now owns 1,245,244 shares of the industrial products company’s stock valued at $351,607,000 after acquiring an additional 101,464 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in shares of W W Grainger by 12.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,164,524 shares of the industrial products company’s stock valued at $416,213,000 after acquiring an additional 133,501 shares during the period. Institutional investors and hedge funds own 78.21% of the company’s stock.
GWW traded down $0.18 during trading on Thursday, reaching $291.03. The company had a trading volume of 9,466 shares, compared to its average volume of 467,901. The stock has a market capitalization of $15.88 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.42 and a beta of 1.01. W W Grainger has a 12-month low of $265.00 and a 12-month high of $372.06. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 1.00.
About W W Grainger
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.
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