Zacks: Brokerages Expect W W Grainger Inc (GWW) to Announce $3.57 EPS

Equities research analysts predict that W W Grainger Inc (NYSE:GWW) will announce $3.57 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for W W Grainger’s earnings. The lowest EPS estimate is $3.42 and the highest is $3.75. W W Grainger reported earnings per share of $2.94 during the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The firm is scheduled to report its next quarterly earnings results on Wednesday, January 23rd.

On average, analysts expect that W W Grainger will report full-year earnings of $16.29 per share for the current financial year, with EPS estimates ranging from $16.15 to $16.50. For the next financial year, analysts forecast that the business will post earnings of $17.92 per share, with EPS estimates ranging from $15.90 to $18.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for W W Grainger.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, topping the consensus estimate of $3.96 by $0.23. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.79 EPS.

Several brokerages recently commented on GWW. Longbow Research reissued a “hold” rating on shares of W W Grainger in a report on Wednesday, October 17th. Oppenheimer cut their price target on shares of W W Grainger from $410.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, October 17th. BMO Capital Markets cut their price target on shares of W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. ValuEngine lowered shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Gordon Haskett began coverage on shares of W W Grainger in a report on Friday, October 12th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. W W Grainger has a consensus rating of “Hold” and a consensus price target of $308.43.

NYSE GWW traded up $5.73 on Thursday, hitting $306.11. The company had a trading volume of 624,634 shares, compared to its average volume of 820,766. The firm has a market cap of $16.43 billion, a PE ratio of 26.71, a PEG ratio of 1.44 and a beta of 1.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.44 and a current ratio of 2.44. W W Grainger has a 12-month low of $195.73 and a 12-month high of $372.06.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Monday, November 12th will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 8th. W W Grainger’s payout ratio is 47.47%.

In other news, VP John L. Howard sold 14,990 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the completion of the sale, the vice president now owns 58,207 shares of the company’s stock, valued at $21,431,817.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.10% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in GWW. Financial Architects Inc boosted its position in shares of W W Grainger by 1,195.7% during the 3rd quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 275 shares during the last quarter. Sun Life Financial INC boosted its position in shares of W W Grainger by 60.4% during the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 154 shares during the last quarter. First Interstate Bank boosted its position in shares of W W Grainger by 161.3% during the 3rd quarter. First Interstate Bank now owns 405 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 250 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in shares of W W Grainger during the 3rd quarter valued at about $146,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of W W Grainger during the 2nd quarter valued at about $178,000. 75.17% of the stock is owned by institutional investors and hedge funds.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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