W.W. Grainger (GWW) Set to Announce Earnings on Thursday

W.W. Grainger (NYSE:GWW) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect W.W. Grainger to post earnings of $9.57 per share for the quarter. W.W. Grainger has set its FY24 guidance at $38.00-40.50 EPS and its FY 2024 guidance at 38.000-40.500 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.05 by $0.28. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the business posted $7.14 EPS. W.W. Grainger’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect W.W. Grainger to post $39 EPS for the current fiscal year and $43 EPS for the next fiscal year.

W.W. Grainger Trading Up 1.5 %

Shares of GWW stock opened at $955.79 on Wednesday. W.W. Grainger has a 52-week low of $641.95 and a 52-week high of $1,034.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.64 and a current ratio of 2.88. The firm has a market capitalization of $46.96 billion, a PE ratio of 26.40, a PEG ratio of 1.85 and a beta of 1.14. The stock has a fifty day simple moving average of $979.73 and a two-hundred day simple moving average of $871.45.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 12th were issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, February 9th. W.W. Grainger’s dividend payout ratio (DPR) is presently 20.55%.

Insider Transactions at W.W. Grainger

In related news, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the transaction, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GWW shares. Oppenheimer increased their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Loop Capital downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating and increased their price target for the company from $925.00 to $1,000.00 in a report on Tuesday, February 20th. StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. UBS Group increased their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $913.89.

About W.W. Grainger

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.