Wall Street analysts expect W.R. Grace & Co. (NYSE:GRA) to announce $0.82 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for W.R. Grace & Co.’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.83. W.R. Grace & Co. reported earnings per share of $0.80 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The company is scheduled to report its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that W.R. Grace & Co. will report full year earnings of $3.34 per share for the current year, with EPS estimates ranging from $3.30 to $3.36. For the next financial year, analysts expect that the firm will report earnings of $3.63 per share, with EPS estimates ranging from $3.55 to $3.68. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for W.R. Grace & Co..

W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $429.50 million during the quarter, compared to analyst estimates of $407.72 million. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share.

Several research firms recently weighed in on GRA. Loop Capital began coverage on shares of W.R. Grace & Co. in a research report on Thursday. They set a “buy” rating and a $81.00 price target for the company. Jefferies Group LLC restated a “hold” rating and set a $70.00 price target on shares of W.R. Grace & Co. in a research report on Friday, June 16th. Zacks Investment Research upgraded shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. KeyCorp restated a “buy” rating and set a $77.00 price target on shares of W.R. Grace & Co. in a research report on Sunday, September 3rd. Finally, Robert W. Baird restated a “buy” rating and set a $85.00 price target on shares of W.R. Grace & Co. in a research report on Friday, September 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. W.R. Grace & Co. has an average rating of “Buy” and an average target price of $80.00.

Shares of W.R. Grace & Co. (NYSE GRA) traded down 0.74% on Friday, hitting $72.15. The stock had a trading volume of 1,280,198 shares. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $75.09. The firm has a market cap of $4.92 billion, a P/E ratio of 35.13 and a beta of 1.11. The firm’s 50-day moving average price is $69.80 and its 200 day moving average price is $70.12.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, August 15th. This represents a $0.84 annualized dividend and a yield of 1.16%. W.R. Grace & Co.’s dividend payout ratio is presently 42.21%.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in W.R. Grace & Co. by 58.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 18,208 shares of the specialty chemicals company’s stock valued at $1,311,000 after acquiring an additional 6,705 shares in the last quarter. Micawber Capital LLC grew its stake in W.R. Grace & Co. by 6.7% during the 2nd quarter. Micawber Capital LLC now owns 26,256 shares of the specialty chemicals company’s stock valued at $1,891,000 after acquiring an additional 1,641 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in W.R. Grace & Co. during the 2nd quarter valued at about $4,753,000. Neuberger Berman Group LLC grew its stake in W.R. Grace & Co. by 5.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,380,372 shares of the specialty chemicals company’s stock valued at $99,401,000 after acquiring an additional 73,870 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in W.R. Grace & Co. by 309.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,573 shares of the specialty chemicals company’s stock valued at $667,000 after acquiring an additional 7,236 shares in the last quarter. 84.69% of the stock is owned by institutional investors.

About W.R. Grace & Co.

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

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Earnings History and Estimates for W.R. Grace & Co. (NYSE:GRA)

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