Brokerages Expect W.W. Grainger, Inc. (NYSE:GWW) Will Announce Quarterly Sales of $3.33 Billion

Brokerages expect that W.W. Grainger, Inc. (NYSE:GWW) will report $3.33 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for W.W. Grainger’s earnings, with estimates ranging from $3.31 billion to $3.35 billion. W.W. Grainger reported sales of $3.02 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The firm is expected to report its next quarterly earnings report before the market opens on Friday, October 29th.

On average, analysts expect that W.W. Grainger will report full-year sales of $12.87 billion for the current fiscal year, with estimates ranging from $12.80 billion to $12.94 billion. For the next year, analysts anticipate that the business will post sales of $13.81 billion, with estimates ranging from $13.69 billion to $14.07 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow W.W. Grainger.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Thursday, July 29th. The industrial products company reported $4.27 earnings per share for the quarter, missing analysts’ consensus estimates of $4.61 by ($0.34). The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.22 billion. W.W. Grainger had a net margin of 7.09% and a return on equity of 41.62%. W.W. Grainger’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.75 EPS.

A number of equities analysts recently issued reports on GWW shares. Raymond James cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Monday, August 2nd. Royal Bank of Canada boosted their target price on W.W. Grainger from $369.00 to $378.00 and gave the company an “underperform” rating in a research note on Monday, August 2nd. Loop Capital initiated coverage on W.W. Grainger in a research note on Tuesday, August 3rd. They issued a “buy” rating and a $525.00 target price on the stock. Finally, Morgan Stanley boosted their price target on W.W. Grainger from $462.00 to $492.00 and gave the stock an “equal weight” rating in a research report on Monday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $462.75.

Several hedge funds and other institutional investors have recently bought and sold shares of GWW. E Fund Management Co. Ltd. bought a new stake in shares of W.W. Grainger during the first quarter worth $31,000. Clean Yield Group bought a new stake in shares of W.W. Grainger in the second quarter worth $31,000. SkyView Investment Advisors LLC grew its stake in shares of W.W. Grainger by 68.8% in the first 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. CSat Investment Advisory L.P. grew its stake in shares of W.W. Grainger by 48.1% in the first quarter. CSat Investment Advisory L.P. now owns 120 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 39 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of W.W. Grainger by 36.4% in the first quarter. First Horizon Advisors Inc. now owns 135 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 36 shares during the last quarter. 69.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of W.W. Grainger stock opened at $402.18 on Thursday. The business’s fifty day moving average price is $434.25 and its two-hundred day moving average price is $433.87. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.55 and a quick ratio of 1.48. The company has a market capitalization of $20.94 billion, a P/E ratio of 24.70, a PEG ratio of 1.66 and a beta of 1.22. W.W. Grainger has a 1-year low of $337.25 and a 1-year high of $479.87.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Monday, August 9th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, August 6th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.61%. W.W. Grainger’s payout ratio is presently 40.05%.

About W.W. Grainger

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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