Equities research analysts expect Graco Inc. (NYSE:GGG) to post $425.30 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Graco’s earnings. The highest sales estimate is $436.10 million and the lowest is $416.00 million. Graco posted sales of $415.94 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The company is expected to issue its next earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that Graco will report full-year sales of $1.68 billion for the current year, with estimates ranging from $1.66 billion to $1.72 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.75 billion, with estimates ranging from $1.70 billion to $1.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Graco.
Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Graco had a net margin of 20.61% and a return on equity of 39.22%. The company had revenue of $428.30 million during the quarter, compared to analysts’ expectations of $444.93 million. During the same quarter in the previous year, the business posted $0.48 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year.
GGG traded up $0.10 during trading on Monday, reaching $45.67. 532 shares of the stock were exchanged, compared to its average volume of 546,947. The business’s 50 day moving average price is $48.42 and its two-hundred day moving average price is $48.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.39. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.09 and a beta of 0.97. Graco has a 1 year low of $37.36 and a 1 year high of $53.91.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 22nd were paid a $0.16 dividend. The ex-dividend date was Friday, July 19th. This represents a $0.64 annualized dividend and a yield of 1.40%. Graco’s payout ratio is currently 34.04%.
In related news, insider Jeffrey P. Johnson sold 15,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $48.85, for a total value of $732,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.23% of the company’s stock.
Large investors have recently made changes to their positions in the business. CSat Investment Advisory L.P. acquired a new stake in Graco during the second quarter worth about $25,000. Icon Wealth Partners LLC acquired a new stake in Graco during the first quarter worth about $25,000. Krane Funds Advisors LLC acquired a new stake in Graco during the second quarter worth about $25,000. Alpha Quant Advisors LLC increased its stake in Graco by 91.9% during the first quarter. Alpha Quant Advisors LLC now owns 783 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 375 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Graco during the second quarter worth about $40,000. Institutional investors own 84.79% of the company’s stock.
Graco Company Profile
Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.
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