Analysts Offer Predictions for W.W. Grainger Inc.’s Q2 2017 Earnings (GWW)
W.W. Grainger Inc. (NYSE:GWW) – Investment analysts at William Blair reduced their Q2 2017 earnings estimates for shares of W.W. Grainger in a note issued to investors on Monday. William Blair analyst R. Merkel now expects that the firm will post earnings per share of $3.04 for the quarter, down from their previous forecast of $3.06. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for W.W. Grainger’s Q3 2017 earnings at $3.22 EPS, Q4 2017 earnings at $2.49 EPS and FY2017 earnings at $11.90 EPS.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.99 by $0.07. The firm earned $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. W.W. Grainger had a net margin of 6.81% and a return on equity of 31.67%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.03 earnings per share.
Other equities analysts have also recently issued reports about the stock. BMO Capital Markets cut their target price on shares of W.W. Grainger from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of W.W. Grainger in a research note on Wednesday, November 9th. Stifel Nicolaus cut their target price on shares of W.W. Grainger from $235.00 to $216.00 and set a “hold” rating for the company in a research note on Wednesday, October 19th. Credit Suisse Group AG set a $205.00 target price on shares of W.W. Grainger and gave the company a “hold” rating in a research note on Wednesday, October 19th. Finally, Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $223.63.
W.W. Grainger (NYSE:GWW) opened at 223.89 on Tuesday. The company has a market capitalization of $13.34 billion, a P/E ratio of 20.15 and a beta of 0.74. The stock’s 50 day moving average is $214.27 and its 200 day moving average is $222.91. W.W. Grainger has a 52 week low of $176.85 and a 52 week high of $239.95.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Wednesday, November 9th. W.W. Grainger’s dividend payout ratio is currently 43.88%.
Several institutional investors have recently bought and sold shares of GWW. Skandinaviska Enskilda Banken AB publ boosted its position in W.W. Grainger by 2,331.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 254,257 shares of the company’s stock valued at $57,780,000 after buying an additional 243,800 shares in the last quarter. Mackenzie Financial Corp boosted its position in W.W. Grainger by 34.5% in the second quarter. Mackenzie Financial Corp now owns 759,733 shares of the company’s stock valued at $172,649,000 after buying an additional 195,054 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in W.W. Grainger during the second quarter valued at about $30,449,000. WBI Investments Inc. purchased a new position in W.W. Grainger during the second quarter valued at about $17,348,000. Finally, The Manufacturers Life Insurance Company purchased a new position in W.W. Grainger during the third quarter valued at about $15,860,000. Hedge funds and other institutional investors own 83.20% of the company’s stock.
About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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