W. R. Grace & Co (NYSE:GRA) Posts Earnings Results, Beats Estimates By $0.07 EPS

W. R. Grace & Co (NYSE:GRA) announced its quarterly earnings results on Thursday. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07, Briefing.com reports. The business had revenue of $470.50 million during the quarter, compared to the consensus estimate of $487.44 million. W. R. Grace & Co had a net margin of 9.31% and a return on equity of 85.42%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 EPS. W. R. Grace & Co updated its FY19 guidance to $4.32-4.38 EPS.

NYSE:GRA opened at $65.85 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.01 and a debt-to-equity ratio of 5.06. The firm has a 50-day moving average price of $66.96 and a two-hundred day moving average price of $71.49. W. R. Grace & Co has a twelve month low of $59.22 and a twelve month high of $79.71. The company has a market capitalization of $4.41 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.28 and a beta of 0.96.

Several research firms have weighed in on GRA. Zacks Investment Research downgraded shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Wells Fargo & Co began coverage on shares of W. R. Grace & Co in a report on Tuesday, October 15th. They set a “market perform” rating and a $72.00 target price for the company. Loop Capital dropped their target price on shares of W. R. Grace & Co from $92.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, UBS Group dropped their target price on shares of W. R. Grace & Co from $93.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $84.63.

In other news, insider Force Andrew Hudson La III purchased 4,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $69.04 per share, with a total value of $276,160.00. Following the purchase, the insider now directly owns 96,391 shares of the company’s stock, valued at $6,654,834.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder North Latitude Fund Lp 40 purchased 24,703 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $64.91 per share, for a total transaction of $1,603,471.73. The disclosure for this purchase can be found here. Insiders have acquired a total of 498,970 shares of company stock valued at $32,047,464 over the last 90 days. 2.00% of the stock is currently owned by insiders.

About W. R. Grace & Co

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

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