Zacks: Brokerages Anticipate W.W. Grainger, Inc. (NYSE:GWW) to Announce $5.24 Earnings Per Share

Analysts expect W.W. Grainger, Inc. (NYSE:GWW) to report $5.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for W.W. Grainger’s earnings, with the highest EPS estimate coming in at $5.30 and the lowest estimate coming in at $5.17. W.W. Grainger posted earnings of $3.66 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 43.2%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, February 3rd.

On average, analysts expect that W.W. Grainger will report full-year earnings of $19.58 per share for the current financial year, with EPS estimates ranging from $19.21 to $19.68. For the next fiscal year, analysts anticipate that the firm will report earnings of $23.44 per share, with EPS estimates ranging from $22.50 to $24.10. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover W.W. Grainger.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, October 29th. The industrial products company reported $5.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.31 by $0.34. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.32 billion. W.W. Grainger had a net margin of 7.35% and a return on equity of 45.31%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.52 earnings per share.

Several brokerages have weighed in on GWW. Raymond James cut shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Monday, August 2nd. Wells Fargo & Company reaffirmed a “sell” rating and set a $400.00 price target on shares of W.W. Grainger in a report on Friday, September 24th. Zacks Investment Research raised shares of W.W. Grainger from a “hold” rating to a “buy” rating and set a $509.00 target price on the stock in a report on Friday, November 12th. Loop Capital started coverage on shares of W.W. Grainger in a research report on Tuesday, August 3rd. They issued a “buy” rating and a $525.00 price target on the stock. Finally, Morgan Stanley boosted their target price on shares of W.W. Grainger from $492.00 to $510.00 and gave the company an “equal weight” rating in a research report on Monday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $476.92.

Shares of GWW traded up $0.44 during midday trading on Thursday, reaching $498.44. The stock had a trading volume of 215,822 shares, compared to its average volume of 265,673. The firm has a 50 day simple moving average of $440.90 and a 200-day simple moving average of $444.59. W.W. Grainger has a one year low of $356.23 and a one year high of $501.05. The firm has a market cap of $25.68 billion, a PE ratio of 28.45, a P/E/G ratio of 1.90 and a beta of 1.27. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 1.12.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Monday, November 8th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, November 5th. W.W. Grainger’s dividend payout ratio (DPR) is currently 36.99%.

In related news, VP Paige K. Robbins sold 565 shares of W.W. Grainger stock in a transaction on Friday, October 29th. The shares were sold at an average price of $450.00, for a total value of $254,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 10.04% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Clean Yield Group purchased a new position in W.W. Grainger during the second quarter valued at $31,000. SkyView Investment Advisors LLC raised its position in shares of W.W. Grainger by 68.8% in the 1st quarter. SkyView Investment Advisors LLC now owns 81 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 33 shares during the last quarter. Herold Advisors Inc. purchased a new position in shares of W.W. Grainger in the 3rd quarter worth about $39,000. Bbva USA purchased a new position in shares of W.W. Grainger in the 2nd quarter worth about $57,000. Finally, Advisory Services Network LLC purchased a new position in shares of W.W. Grainger in the 2nd quarter worth about $65,000. 69.28% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Company Profile

W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.

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

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