Graco (GGG) Scheduled to Post Earnings on Wednesday

Graco (NYSE:GGG) is scheduled to be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect Graco to post earnings of $0.53 per share for the quarter.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.02). Graco had a net margin of 20.72% and a return on equity of 41.51%. The firm had revenue of $404.90 million during the quarter, compared to analyst estimates of $415.70 million. During the same period last year, the business posted $0.48 EPS. The company’s revenue was down .3% on a year-over-year basis. On average, analysts expect Graco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Graco stock opened at $50.13 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 2.07 and a debt-to-equity ratio of 0.21. Graco has a 52 week low of $37.36 and a 52 week high of $53.91. The firm has a 50 day moving average price of $50.19. The firm has a market capitalization of $8.37 billion, a PE ratio of 26.66, a PEG ratio of 2.19 and a beta of 0.98.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 22nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.64 dividend on an annualized basis and a yield of 1.28%. Graco’s dividend payout ratio (DPR) is presently 34.04%.

In other news, insider Timothy R. White sold 6,000 shares of Graco stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $52.18, for a total value of $313,080.00. Following the completion of the transaction, the insider now directly owns 50,660 shares in the company, valued at $2,643,438.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick J. Mchale sold 182,610 shares of Graco stock in a transaction on Monday, April 29th. The shares were sold at an average price of $51.17, for a total value of $9,344,153.70. Following the completion of the transaction, the chief executive officer now owns 238,392 shares of the company’s stock, valued at $12,198,518.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 203,610 shares of company stock valued at $10,389,984. 4.23% of the stock is owned by company insiders.

A number of analysts recently commented on GGG shares. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. DA Davidson reiterated a “buy” rating on shares of Great Western Bancorp in a report on Thursday, April 25th. Finally, Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.00.

About Graco

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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Earnings History for Graco (NYSE:GGG)

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