KeyCorp Weighs in on W. R. Grace & Co’s FY2020 Earnings (GRA)

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W. R. Grace & Co (NYSE:GRA) – Equities research analysts at KeyCorp issued their FY2020 earnings per share estimates for shares of W. R. Grace & Co in a note issued to investors on Thursday, April 11th. KeyCorp analyst M. Sison expects that the specialty chemicals company will post earnings of $5.00 per share for the year.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings data on Thursday, February 7th. The specialty chemicals company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.03 by $0.11. W. R. Grace & Co had a return on equity of 95.91% and a net margin of 8.67%. The company had revenue of $520.00 million during the quarter, compared to the consensus estimate of $498.24 million. During the same period last year, the company earned $0.98 EPS. W. R. Grace & Co’s revenue for the quarter was up 13.2% on a year-over-year basis.

Several other research analysts have also recently issued reports on GRA. Berenberg Bank assumed coverage on W. R. Grace & Co in a research report on Thursday, March 21st. They issued a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research raised W. R. Grace & Co from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Friday, February 15th. TheStreet raised W. R. Grace & Co from a “c” rating to a “b” rating in a research report on Friday, February 8th. Loop Capital set a $89.00 target price on W. R. Grace & Co and gave the stock a “buy” rating in a research report on Friday, January 11th. Finally, National Bank Financial reissued an “outperform” rating on shares of W. R. Grace & Co in a research report on Monday, January 14th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $84.70.

NYSE GRA opened at $77.26 on Monday. W. R. Grace & Co has a one year low of $59.22 and a one year high of $78.93. The stock has a market capitalization of $5.18 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.41 and a beta of 1.06. The company has a quick ratio of 1.12, a current ratio of 1.67 and a debt-to-equity ratio of 5.82.

Several hedge funds have recently bought and sold shares of the company. Huntington National Bank purchased a new position in shares of W. R. Grace & Co during the 1st quarter valued at about $26,000. Geode Capital Management LLC lifted its position in shares of W. R. Grace & Co by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 623,801 shares of the specialty chemicals company’s stock valued at $40,490,000 after buying an additional 30,216 shares in the last quarter. Norges Bank purchased a new position in shares of W. R. Grace & Co during the 4th quarter valued at about $54,688,000. Amalgamated Bank lifted its position in shares of W. R. Grace & Co by 42.7% during the 4th quarter. Amalgamated Bank now owns 14,255 shares of the specialty chemicals company’s stock valued at $925,000 after buying an additional 4,266 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of W. R. Grace & Co by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 105,414 shares of the specialty chemicals company’s stock valued at $6,842,000 after buying an additional 1,643 shares in the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 28th were given a dividend of $0.27 per share. This is a boost from W. R. Grace & Co’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, February 27th. W. R. Grace & Co’s 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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