W W Grainger Inc (NYSE:GWW) Expected to Post Quarterly Sales of $2.95 Billion

Analysts expect that W W Grainger Inc (NYSE:GWW) will post $2.95 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for W W Grainger’s earnings, with the highest sales estimate coming in at $2.99 billion and the lowest estimate coming in at $2.90 billion. W W Grainger reported sales of $2.83 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, October 23rd.

On average, analysts expect that W W Grainger will report full-year sales of $11.51 billion for the current financial year, with estimates ranging from $11.43 billion to $11.58 billion. For the next fiscal year, analysts expect that the company will post sales of $12.01 billion, with estimates ranging from $11.81 billion to $12.25 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow W W Grainger.

W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.40 by ($0.14). W W Grainger had a net margin of 7.32% and a return on equity of 46.27%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company posted $4.19 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Several research analysts recently commented on GWW shares. Stephens increased their price objective on W W Grainger from $292.00 to $305.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Morgan Stanley upped their target price on W W Grainger from $258.00 to $276.00 and gave the company an “underweight” rating in a report on Monday, July 29th. JPMorgan Chase & Co. upped their target price on W W Grainger from $297.00 to $301.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. ValuEngine upgraded W W Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Buckingham Research upped their target price on W W Grainger from $295.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. W W Grainger currently has a consensus rating of “Hold” and a consensus price target of $291.78.

In other W W Grainger news, VP John L. Howard sold 11,716 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $305.68, for a total value of $3,581,346.88. Following the completion of the sale, the vice president now directly owns 54,933 shares in the company, valued at approximately $16,791,919.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 8.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC boosted its holdings in W W Grainger by 25,367.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,215,578 shares of the industrial products company’s stock valued at $326,055,000 after acquiring an additional 1,210,805 shares during the period. Longview Partners Guernsey LTD boosted its holdings in W W Grainger by 20.7% during the 2nd quarter. Longview Partners Guernsey LTD now owns 4,113,145 shares of the industrial products company’s stock valued at $1,103,269,000 after acquiring an additional 704,783 shares during the period. Mackenzie Financial Corp boosted its holdings in W W Grainger by 25.2% during the 2nd quarter. Mackenzie Financial Corp now owns 902,724 shares of the industrial products company’s stock valued at $242,138,000 after acquiring an additional 181,743 shares during the period. Eagle Asset Management Inc. boosted its holdings in W W Grainger by 53.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 240,365 shares of the industrial products company’s stock valued at $64,473,000 after acquiring an additional 83,606 shares during the period. Finally, First Trust Advisors LP boosted its holdings in W W Grainger by 172.3% during the 2nd quarter. First Trust Advisors LP now owns 124,927 shares of the industrial products company’s stock valued at $33,509,000 after acquiring an additional 79,053 shares during the period. Institutional investors and hedge funds own 72.85% of the company’s stock.

NYSE GWW traded down $6.74 during mid-day trading on Friday, hitting $312.44. The stock had a trading volume of 1,019,700 shares, compared to its average volume of 460,061. The firm’s 50 day moving average is $293.10 and its 200 day moving average is $281.05. W W Grainger has a twelve month low of $255.09 and a twelve month high of $321.07. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.38 and a quick ratio of 1.32. The stock has a market capitalization of $17.29 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.62 and a beta of 0.95.

About W W Grainger

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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