Brokerages Expect W. R. Grace & Co (NYSE:GRA) Will Post Earnings of $1.27 Per Share

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Brokerages expect that W. R. Grace & Co (NYSE:GRA) will announce $1.27 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for W. R. Grace & Co’s earnings, with estimates ranging from $1.27 to $1.28. W. R. Grace & Co reported earnings of $1.14 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.4%. The firm is expected to announce its next earnings results on Thursday, February 6th.

According to Zacks, analysts expect that W. R. Grace & Co will report full-year earnings of $4.34 per share for the current financial year, with EPS estimates ranging from $4.33 to $4.35. For the next fiscal year, analysts forecast that the business will report earnings of $4.82 per share, with EPS estimates ranging from $4.70 to $5.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow W. R. Grace & Co.

W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings results on Thursday, October 24th. The specialty chemicals company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. The business had revenue of $470.50 million during the quarter, compared to the consensus estimate of $487.44 million. W. R. Grace & Co had a return on equity of 73.68% and a net margin of 11.34%. W. R. Grace & Co’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 earnings per share.

A number of research analysts recently commented on the company. Credit Suisse Group dropped their price target on W. R. Grace & Co from $86.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Loop Capital dropped their price target on W. R. Grace & Co from $92.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Co assumed coverage on W. R. Grace & Co in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $72.00 price target for the company. UBS Group dropped their price target on W. R. Grace & Co from $93.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, October 2nd. Finally, Goldman Sachs Group raised W. R. Grace & Co from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $84.30.

A number of institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY grew its position in W. R. Grace & Co by 3.8% in the third quarter. Metropolitan Life Insurance Co NY now owns 4,209 shares of the specialty chemicals company’s stock valued at $281,000 after acquiring an additional 156 shares during the last quarter. California State Teachers Retirement System grew its position in W. R. Grace & Co by 1.2% in the third quarter. California State Teachers Retirement System now owns 92,005 shares of the specialty chemicals company’s stock valued at $6,142,000 after acquiring an additional 1,095 shares during the last quarter. SG Americas Securities LLC grew its position in W. R. Grace & Co by 239.5% in the third quarter. SG Americas Securities LLC now owns 11,837 shares of the specialty chemicals company’s stock valued at $790,000 after acquiring an additional 8,350 shares during the last quarter. Eos Focused Equity Management L.P. bought a new position in W. R. Grace & Co in the third quarter valued at about $2,632,000. Finally, Icon Advisers Inc. Co. grew its position in W. R. Grace & Co by 7.1% in the third quarter. Icon Advisers Inc. Co. now owns 83,400 shares of the specialty chemicals company’s stock valued at $5,568,000 after acquiring an additional 5,500 shares during the last quarter. Hedge funds and other institutional investors own 85.30% of the company’s stock.

GRA stock traded down $0.51 during midday trading on Friday, reaching $65.67. The company had a trading volume of 16,284 shares, compared to its average volume of 302,037. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95. The stock has a 50 day moving average price of $67.17 and a 200-day moving average price of $69.58. W. R. Grace & Co has a 1-year low of $59.22 and a 1-year high of $79.71. The company has a debt-to-equity ratio of 4.34, a current ratio of 1.49 and a quick ratio of 1.01.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, November 13th. W. R. Grace & Co’s dividend payout ratio is presently 26.09%.

W. R. Grace & Co Company Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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

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