W W Grainger (NYSE:GWW) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect W W Grainger to post earnings of $4.50 per share for the quarter. W W Grainger has set its FY19 guidance at $17.10-18.70 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.65 by ($0.01). The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.97 billion. W W Grainger had a return on equity of 46.27% and a net margin of 7.32%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.37 earnings per share. On average, analysts expect W W Grainger to post $18 EPS for the current fiscal year and $19 EPS for the next fiscal year.
Shares of W W Grainger stock opened at $316.78 on Tuesday. The stock has a 50-day moving average price of $292.17 and a 200 day moving average price of $281.01. The company has a market cap of $16.96 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.59 and a beta of 0.95. The company has a current ratio of 2.38, a quick ratio of 1.32 and a debt-to-equity ratio of 0.98. W W Grainger has a 1 year low of $255.09 and a 1 year high of $321.07.
Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on W W Grainger from $297.00 to $301.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. ValuEngine raised W W Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Buckingham Research upped their target price on W W Grainger from $295.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Morgan Stanley upped their target price on W W Grainger from $258.00 to $276.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Finally, Gabelli reaffirmed a “hold” rating on shares of W W Grainger in a research report on Friday, July 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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 dated 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 transaction, the vice president now directly owns 54,933 shares of the company’s stock, valued at approximately $16,791,919.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.50% of the company’s stock.
W W Grainger Company Profile
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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