W. R. Grace & Co (GRA) Issues Earnings Results, Beats Estimates By $0.11 EPS

W. R. Grace & Co (NYSE:GRA) announced its quarterly earnings data on Thursday. The specialty chemicals company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.11, MarketWatch Earnings reports. W. R. Grace & Co had a return on equity of 101.46% and a net margin of 8.67%. The firm had revenue of $520.00 million for the quarter, compared to the consensus estimate of $498.24 million. During the same quarter last year, the business posted $0.98 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. W. R. Grace & Co updated its FY 2019 guidance to $4.53-4.63 EPS and its FY19 guidance to $4.53-4.63 EPS.

NYSE:GRA opened at $74.68 on Friday. W. R. Grace & Co has a 52 week low of $58.48 and a 52 week high of $75.64. The company has a current ratio of 1.59, a quick ratio of 0.99 and a debt-to-equity ratio of 7.01. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Thursday, February 28th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.08 dividend on an annualized basis and a yield of 1.45%. This is an increase from W. R. Grace & Co’s previous quarterly dividend of $0.24. W. R. Grace & Co’s payout ratio is currently 23.19%.



A number of equities research analysts have commented on the company. Loop Capital set a $89.00 target price on W. R. Grace & Co and gave the company a “buy” rating in a research report on Friday, January 11th. Zacks Investment Research downgraded W. R. Grace & Co from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. National Bank Financial restated an “outperform” rating on shares of W. R. Grace & Co in a research report on Monday, January 14th. BMO Capital Markets set a $86.00 target price on W. R. Grace & Co and gave the company a “buy” rating in a research report on Thursday, October 25th. Finally, KeyCorp reduced their target price on W. R. Grace & Co from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, October 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. W. R. Grace & Co has an average rating of “Buy” and a consensus price target of $82.56.

In other news, major shareholder North Latitude Master Fund 40 acquired 237,822 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The shares were purchased at an average price of $61.33 per share, for a total transaction of $14,585,623.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder North Latitude Fund Lp 40 acquired 20,034 shares of the business’s stock in a transaction that occurred on Monday, December 24th. The stock was purchased at an average price of $60.44 per share, for a total transaction of $1,210,854.96. The disclosure for this purchase can be found here. Insiders acquired 2,691,933 shares of company stock worth $163,920,016 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of GRA. Iridian Asset Management LLC CT raised its holdings in shares of W. R. Grace & Co by 9.9% in the 4th quarter. Iridian Asset Management LLC CT now owns 2,903,312 shares of the specialty chemicals company’s stock valued at $188,454,000 after buying an additional 262,599 shares during the period. Russell Investments Group Ltd. grew its stake in W. R. Grace & Co by 1,262.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 112,529 shares of the specialty chemicals company’s stock worth $8,042,000 after purchasing an additional 104,267 shares in the last quarter. Neuberger Berman Group LLC grew its stake in W. R. Grace & Co by 7.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,189,940 shares of the specialty chemicals company’s stock worth $85,033,000 after purchasing an additional 81,487 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in W. R. Grace & Co during the 4th quarter worth $4,414,000. Finally, Marshall Wace LLP grew its stake in W. R. Grace & Co by 337.5% during the 3rd quarter. Marshall Wace LLP now owns 66,029 shares of the specialty chemicals company’s stock worth $4,718,000 after purchasing an additional 50,936 shares in the last quarter. Hedge funds and other institutional investors own 86.56% of the company’s stock.

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W. R. Grace & Co Company Profile

W.R. Grace & Co engages in the production and sale of chemicals and materials. It operates through the Grace Catalysts Technologies and Grace Materials Technologies segments. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

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Earnings History for W. R. Grace & Co (NYSE:GRA)

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