Analysts Anticipate W. W. Grainger (GWW) Will Post Earnings of $3.74 Per Share

Analysts forecast that W. W. Grainger (NYSE:GWW) will announce earnings per share (EPS) of $3.74 for the current quarter, according to Zacks. Eight analysts have issued estimates for W. W. Grainger’s earnings, with the lowest EPS estimate coming in at $3.29 and the highest estimate coming in at $4.00. W. W. Grainger reported earnings of $2.74 per share during the same quarter last year, which would indicate a positive year over year growth rate of 36.5%. The business is expected to announce its next quarterly earnings results on Wednesday, July 18th.

According to Zacks, analysts expect that W. W. Grainger will report full year earnings of $14.69 per share for the current financial year, with EPS estimates ranging from $13.58 to $15.20. For the next financial year, analysts expect that the company will report earnings of $16.59 per share, with EPS estimates ranging from $14.64 to $18.15. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for W. W. Grainger.

W. W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, April 19th. The industrial products company reported $4.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.44 by $0.74. W. W. Grainger had a return on equity of 39.23% and a net margin of 6.03%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the company earned $2.88 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis.



A number of analysts recently commented on GWW shares. Zacks Investment Research lowered W. W. Grainger from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 16th. Goldman Sachs reiterated a “neutral” rating on shares of W. W. Grainger in a report on Monday, March 19th. UBS started coverage on W. W. Grainger in a report on Tuesday, January 23rd. They set a “sell” rating and a $215.00 price target on the stock. BMO Capital Markets lifted their price target on W. W. Grainger from $224.00 to $235.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $206.00 price target on shares of W. W. Grainger in a report on Thursday, January 25th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $250.54.

Shares of W. W. Grainger traded up $1.62, reaching $302.47, during trading hours on Friday, Marketbeat reports. The company had a trading volume of 1,038 shares, compared to its average volume of 977,247. The firm has a market capitalization of $16.56 billion, a PE ratio of 26.25, a P/E/G ratio of 1.65 and a beta of 0.79. W. W. Grainger has a 12 month low of $300.84 and a 12 month high of $302.47. The company has a quick ratio of 1.24, a current ratio of 2.20 and a debt-to-equity ratio of 1.17.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 14th will be given a $1.36 dividend. This is an increase from W. W. Grainger’s previous quarterly dividend of $1.28. This represents a $5.44 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, May 11th. W. W. Grainger’s dividend payout ratio (DPR) is currently 47.47%.

In other W. W. Grainger news, VP Ronald L. Jadin sold 29,000 shares of the firm’s stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $286.93, for a total value of $8,320,970.00. Following the completion of the sale, the vice president now directly owns 49,459 shares of the company’s stock, valued at $14,191,270.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric R. Tapia sold 216 shares of the firm’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $278.73, for a total value of $60,205.68. Following the completion of the sale, the vice president now directly owns 3,870 shares of the company’s stock, valued at $1,078,685.10. The disclosure for this sale can be found here. Insiders sold 48,716 shares of company stock valued at $14,133,676 over the last three months. Company insiders own 10.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in shares of W. W. Grainger by 4,050.2% in the first quarter. Millennium Management LLC now owns 283,503 shares of the industrial products company’s stock valued at $80,024,000 after purchasing an additional 276,672 shares in the last quarter. Longview Partners Guernsey LTD grew its position in shares of W. W. Grainger by 3.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock valued at $1,218,528,000 after purchasing an additional 156,313 shares in the last quarter. Interval Partners LP grew its position in shares of W. W. Grainger by 1,100.0% in the first quarter. Interval Partners LP now owns 120,000 shares of the industrial products company’s stock valued at $33,872,000 after purchasing an additional 132,000 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of W. W. Grainger by 17.3% in the fourth quarter. Bank of New York Mellon Corp now owns 857,696 shares of the industrial products company’s stock valued at $202,631,000 after purchasing an additional 126,745 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of W. W. Grainger by 7.6% in the fourth quarter. Clearbridge Investments LLC now owns 1,724,480 shares of the industrial products company’s stock valued at $407,408,000 after purchasing an additional 121,831 shares in the last quarter. 79.85% of the stock is owned by institutional investors and hedge funds.

About W. W. Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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