Equities Analysts Set Expectations for W.W. Grainger Inc.’s Q2 2017 Earnings (GWW)
W.W. Grainger Inc. (NYSE:GWW) – Research analysts at KeyCorp issued their Q2 2017 earnings per share estimates for shares of W.W. Grainger in a research note issued on Sunday. KeyCorp analyst R. Cieslak expects that the brokerage will post earnings per share of $3.02 for the quarter. KeyCorp also issued estimates for W.W. Grainger’s Q3 2017 earnings at $3.26 EPS, Q4 2017 earnings at $2.60 EPS and FY2017 earnings at $11.85 EPS.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 18th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.07. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $3.03 EPS.
Several other equities analysts have also recently commented on GWW. Stifel Nicolaus reiterated a “hold” rating and set a $224.00 target price (up from $210.00) on shares of W.W. Grainger in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of W.W. Grainger in a research note on Monday, November 7th. Wells Fargo & Co. reiterated a “hold” rating on shares of W.W. Grainger in a research note on Sunday, September 4th. Barclays PLC set a $213.00 target price on W.W. Grainger and gave the company a “hold” rating in a research note on Monday. Finally, RBC Capital Markets reiterated an “underperform” rating and set a $187.00 target price (down from $197.00) on shares of W.W. Grainger in a research note on Wednesday, July 20th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. W.W. Grainger currently has a consensus rating of “Hold” and a consensus price target of $223.63.
W.W. Grainger (NYSE:GWW) opened at 223.89 on Tuesday. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 20.15 and a beta of 0.74. The company has a 50-day moving average of $214.27 and a 200-day moving average of $222.91. W.W. Grainger has a 52-week low of $176.85 and a 52-week high of $239.95.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GWW. Cognios Capital LLC boosted its position in W.W. Grainger by 0.3% in the second quarter. Cognios Capital LLC now owns 1,069 shares of the company’s stock valued at $242,000 after buying an additional 3 shares during the last quarter. BB&T Corp boosted its position in W.W. Grainger by 0.3% in the second quarter. BB&T Corp now owns 1,923 shares of the company’s stock valued at $437,000 after buying an additional 5 shares during the last quarter. Trust Co boosted its position in W.W. Grainger by 0.3% in the first quarter. Trust Co now owns 2,828 shares of the company’s stock valued at $660,000 after buying an additional 8 shares during the last quarter. Verus Financial Partners Inc. boosted its position in W.W. Grainger by 1.5% in the third quarter. Verus Financial Partners Inc. now owns 1,160 shares of the company’s stock valued at $261,000 after buying an additional 17 shares during the last quarter. Finally, Nippon Life Insurance Co. boosted its position in W.W. Grainger by 0.3% in the second quarter. Nippon Life Insurance Co. now owns 6,579 shares of the company’s stock valued at $1,495,000 after buying an additional 20 shares during the last quarter. 83.20% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $4.88 annualized dividend and a dividend yield of 2.18%. W.W. Grainger’s payout ratio is 43.88%.
W.W. Grainger Company Profile
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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