Analysts Expect W W Grainger Inc (NYSE:GWW) to Post $4.64 Earnings Per Share

Wall Street brokerages predict that W W Grainger Inc (NYSE:GWW) will post $4.64 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for W W Grainger’s earnings. The highest EPS estimate is $4.79 and the lowest is $4.39. W W Grainger posted earnings of $4.51 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The firm is expected to issue its next earnings results on Monday, April 27th.

On average, analysts expect that W W Grainger will report full-year earnings of $18.59 per share for the current year, with EPS estimates ranging from $18.20 to $19.00. For the next fiscal year, analysts anticipate that the business will post earnings of $20.06 per share, with EPS estimates ranging from $19.18 to $20.77. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow W W Grainger.

W W Grainger (NYSE:GWW) last released its earnings results on Thursday, January 30th. The industrial products company reported $3.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.00 by ($0.12). The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. W W Grainger had a net margin of 7.39% and a return on equity of 45.63%. W W Grainger’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.96 EPS.

A number of research firms have recently issued reports on GWW. G.Research upgraded W W Grainger from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Buckingham Research reduced their target price on W W Grainger from $342.00 to $326.00 and set a “neutral” rating for the company in a report on Friday, February 7th. William Blair upgraded W W Grainger from a “market perform” rating to an “outperform” rating in a report on Wednesday. Wolfe Research raised shares of W W Grainger from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 9th. Finally, Wells Fargo & Co dropped their price target on shares of W W Grainger from $330.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. W W Grainger has an average rating of “Hold” and an average target price of $308.82.

Shares of GWW traded up $2.29 during mid-day trading on Friday, reaching $307.65. The company’s stock had a trading volume of 183,295 shares, compared to its average volume of 356,658. The business has a fifty day moving average of $327.45 and a 200 day moving average of $307.50. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. W W Grainger has a 1 year low of $255.09 and a 1 year high of $346.60. The company has a quick ratio of 1.13, a current ratio of 2.12 and a debt-to-equity ratio of 0.93.

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Monday, February 10th will be paid a $1.44 dividend. This represents a $5.76 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, February 7th. W W Grainger’s dividend payout ratio (DPR) is presently 33.31%.

Several hedge funds and other institutional investors have recently bought and sold shares of GWW. Amundi Pioneer Asset Management Inc. increased its position in W W Grainger by 0.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 56,676 shares of the industrial products company’s stock worth $17,056,000 after buying an additional 164 shares in the last quarter. BlackRock Inc. increased its position in W W Grainger by 1.8% during the second quarter. BlackRock Inc. now owns 3,321,702 shares of the industrial products company’s stock worth $890,979,000 after buying an additional 58,248 shares in the last quarter. Pennsylvania Trust Co increased its position in W W Grainger by 7.6% during the third quarter. Pennsylvania Trust Co now owns 1,250 shares of the industrial products company’s stock worth $371,000 after buying an additional 88 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in W W Grainger by 1.4% during the third quarter. Crossmark Global Holdings Inc. now owns 9,096 shares of the industrial products company’s stock worth $2,703,000 after buying an additional 125 shares in the last quarter. Finally, We Are One Seven LLC increased its position in W W Grainger by 5.2% during the third quarter. We Are One Seven LLC now owns 815 shares of the industrial products company’s stock worth $242,000 after buying an additional 40 shares in the last quarter. 72.07% of the stock is currently owned by institutional investors and hedge funds.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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