$0.68 EPS Expected for Graco Inc. (NYSE:GGG) This Quarter

Analysts expect that Graco Inc. (NYSE:GGGGet Rating) will post earnings of $0.68 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Graco’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.71. Graco reported earnings of $0.62 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Graco will report full-year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.57 to $2.75. For the next fiscal year, analysts expect that the company will post earnings of $2.93 per share, with EPS estimates ranging from $2.76 to $3.30. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Graco.

Graco (NYSE:GGGGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The company had revenue of $494.29 million during the quarter, compared to analysts’ expectations of $503.33 million. Graco had a net margin of 21.45% and a return on equity of 26.28%. Graco’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share.

A number of research firms have recently issued reports on GGG. Zacks Investment Research lowered Graco from a “buy” rating to a “hold” rating and set a $73.00 price target for the company. in a research report on Thursday, April 7th. DA Davidson restated a “neutral” rating on shares of Graco in a research report on Thursday, April 28th. StockNews.com lowered Graco from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Seaport Res Ptn reiterated a “neutral” rating on shares of Graco in a research report on Wednesday, February 2nd. Finally, Robert W. Baird lowered their price objective on Graco from $80.00 to $71.00 in a research report on Friday, April 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $75.67.

Shares of GGG stock traded up $0.76 during trading hours on Friday, reaching $60.80. The company had a trading volume of 392,855 shares, compared to its average volume of 815,387. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.89 and a current ratio of 2.98. The stock has a fifty day moving average of $66.85 and a 200-day moving average of $72.42. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.77 and a beta of 0.75. Graco has a 12-month low of $58.41 and a 12-month high of $81.09.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 4th. Stockholders of record on Monday, April 18th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, April 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.38%. Graco’s payout ratio is presently 33.74%.

In other news, Director J Kevin Gilligan sold 13,938 shares of Graco stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $63.50, for a total value of $885,063.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David M. Lowe sold 28,001 shares of Graco stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $70.70, for a total value of $1,979,670.70. The disclosure for this sale can be found here. Insiders own 3.52% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Carlson Capital Management raised its stake in Graco by 261.6% during the 4th quarter. Carlson Capital Management now owns 67,657 shares of the industrial products company’s stock valued at $5,455,000 after acquiring an additional 48,947 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Graco in the 4th quarter worth approximately $4,298,000. Voya Financial Advisors Inc. grew its holdings in shares of Graco by 6.2% in the 3rd quarter. Voya Financial Advisors Inc. now owns 4,259 shares of the industrial products company’s stock worth $307,000 after acquiring an additional 249 shares during the period. AlphaCrest Capital Management LLC grew its holdings in shares of Graco by 311.6% in the 3rd quarter. AlphaCrest Capital Management LLC now owns 48,000 shares of the industrial products company’s stock worth $3,359,000 after acquiring an additional 36,338 shares during the period. Finally, Inspire Investing LLC acquired a new stake in Graco during the 3rd quarter valued at $222,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Graco Company Profile (Get Rating)

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions.

Featured Articles

Get a free copy of the Zacks research report on Graco (GGG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Graco (NYSE:GGG)

Receive News & Ratings for Graco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graco and related companies with MarketBeat.com's FREE daily email newsletter.