Zacks: Analysts Expect W W Grainger Inc (NYSE:GWW) Will Announce Earnings of $4.50 Per Share

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Equities research analysts predict that W W Grainger Inc (NYSE:GWW) will announce earnings of $4.50 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for W W Grainger’s earnings. The lowest EPS estimate is $4.31 and the highest is $4.81. W W Grainger reported earnings per share of $4.19 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The business is expected to announce its next quarterly earnings report on Tuesday, October 15th.

On average, analysts expect that W W Grainger will report full year earnings of $17.68 per share for the current year, with EPS estimates ranging from $17.22 to $18.15. For the next financial year, analysts anticipate that the firm will post earnings of $19.20 per share, with EPS estimates ranging from $18.31 to $20.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for W W Grainger.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.65 by ($0.01). The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.97 billion. W W Grainger had a return on equity of 46.27% and a net margin of 7.32%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $4.37 earnings per share.

GWW has been the topic of several analyst reports. Zacks Investment Research upgraded W W Grainger from a “sell” rating to a “hold” rating and set a $315.00 target price on the stock in a research report on Friday, July 26th. Morgan Stanley lifted their target price on W W Grainger from $258.00 to $276.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Stephens lifted their target price on W W Grainger from $292.00 to $305.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. William Blair reiterated a “market perform” rating on shares of W W Grainger in a research report on Monday, April 22nd. Finally, Gordon Haskett upgraded W W Grainger from an “underperform” rating to a “hold” rating and set a $264.58 target price on the stock in a research report on Friday, May 17th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. W W Grainger currently has an average rating of “Hold” and a consensus price target of $301.53.

NYSE GWW opened at $268.22 on Friday. The stock has a market capitalization of $14.64 billion, a P/E ratio of 16.06, a PEG ratio of 1.37 and a beta of 0.92. The company has a quick ratio of 1.32, a current ratio of 2.38 and a debt-to-equity ratio of 0.98. The firm’s fifty day moving average is $274.12. W W Grainger has a fifty-two week low of $255.09 and a fifty-two week high of $372.06.

W W Grainger announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 24th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Monday, August 12th will be issued a $1.44 dividend. The ex-dividend date is Friday, August 9th. This represents a $5.76 annualized dividend and a dividend yield of 2.15%. W W Grainger’s dividend payout ratio (DPR) is 34.49%.

In other news, VP Eric R. Tapia sold 180 shares of W W Grainger stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $272.58, for a total value of $49,064.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GWW. Kavar Capital Partners LLC purchased a new position in W W Grainger in the second quarter worth about $26,000. Arrow Financial Corp grew its position in W W Grainger by 41.7% in the second quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 50 shares in the last quarter. Parallel Advisors LLC grew its position in W W Grainger by 34.1% in the second quarter. Parallel Advisors LLC now owns 181 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 46 shares in the last quarter. Pearl River Capital LLC purchased a new position in W W Grainger in the second quarter worth about $64,000. Finally, TRUE Private Wealth Advisors purchased a new position in W W Grainger in the second quarter worth about $67,000. Institutional investors own 74.28% of the company’s stock.

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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Earnings History and Estimates for W W Grainger (NYSE:GWW)

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