W.W. Grainger, Inc. (NYSE:GWW) Expected to Post Earnings of $5.24 Per Share

Equities analysts forecast that W.W. Grainger, Inc. (NYSE:GWW) will report earnings per share (EPS) of $5.24 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for W.W. Grainger’s earnings. The highest EPS estimate is $5.30 and the lowest is $5.17. W.W. Grainger posted earnings of $3.66 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 43.2%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 3rd.

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

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Friday, October 29th. The industrial products company reported $5.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.31 by $0.34. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates 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 for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.52 earnings per share.

Several research firms recently weighed in on GWW. Royal Bank of Canada increased their price target on shares of W.W. Grainger from $378.00 to $391.00 and gave the company an “underperform” rating in a research report on Monday, November 1st. Loop Capital started coverage on shares of W.W. Grainger in a research report on Tuesday, August 3rd. They set a “buy” rating and a $525.00 target price for the company. Raymond James lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Monday, August 2nd. Morgan Stanley increased their price target on shares of W.W. Grainger from $492.00 to $510.00 and gave the stock an “equal weight” rating in a report on Monday, November 1st. Finally, Robert W. Baird increased their price target on shares of W.W. Grainger from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Monday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and an average price target of $476.92.

GWW traded up $0.44 during trading on Thursday, hitting $498.44. 215,822 shares of the company traded hands, compared to its average volume of 265,673. The firm has a market cap of $25.68 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. The stock’s fifty day moving average is $440.90 and its 200 day moving average is $444.59. The company has a quick ratio of 1.43, a current ratio of 2.58 and a debt-to-equity ratio of 1.12. W.W. Grainger has a one year low of $356.23 and a one year high of $501.05.

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

In other news, VP Paige K. Robbins sold 565 shares of the firm’s stock in a transaction that occurred on Friday, October 29th. The shares were sold at an average price of $450.00, for a total value of $254,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.04% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Mcdonald Partners LLC boosted its holdings in W.W. Grainger by 14.6% in the third quarter. Mcdonald Partners LLC now owns 1,892 shares of the industrial products company’s stock valued at $744,000 after acquiring an additional 241 shares in the last quarter. CFS Investment Advisory Services LLC purchased a new position in W.W. Grainger during the third quarter valued at $2,025,000. Bank of New York Mellon Corp lifted its position in W.W. Grainger by 7.0% during the third quarter. Bank of New York Mellon Corp now owns 460,044 shares of the industrial products company’s stock valued at $180,826,000 after buying an additional 29,920 shares during the period. Wealthsource Partners LLC purchased a new position in W.W. Grainger during the third quarter valued at $201,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of W.W. Grainger in the 3rd quarter worth about $455,000. Institutional investors and hedge funds own 69.28% of the company’s stock.

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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