Graco (NYSE:GGG – Get Free Report) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05), Briefing.com reports. Graco had a return on equity of 22.40% and a net margin of 23.16%. The firm had revenue of $519.21 million for the quarter, compared to the consensus estimate of $538.19 million. During the same period last year, the firm earned $0.76 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis.
Graco Trading Down 0.7 %
Shares of NYSE:GGG traded down $0.55 during trading on Thursday, reaching $82.35. 1,022,893 shares of the company traded hands, compared to its average volume of 730,942. Graco has a 52-week low of $69.78 and a 52-week high of $94.77. The business’s fifty day moving average is $83.90 and its 200-day moving average is $82.79. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 2.88 and a beta of 0.81.
Graco Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.02 annualized dividend and a yield of 1.24%. Graco’s payout ratio is currently 35.17%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Graco
Graco Company Profile
Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.
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