W.W. Grainger, Inc. (GWW) Updates FY17 Earnings Guidance
W.W. Grainger, Inc. (NYSE:GWW) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $10.40-10.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.36. The company issued revenue guidance of $10.29-10.39 billion, compared to the consensus revenue estimate of $10.37 billion.
Shares of W.W. Grainger, Inc. (NYSE GWW) opened at 182.36 on Tuesday. The firm’s 50 day moving average is $172.05 and its 200 day moving average is $179.51. The firm has a market capitalization of $10.52 billion, a PE ratio of 21.02 and a beta of 0.76. W.W. Grainger, Inc. has a 1-year low of $155.00 and a 1-year high of $262.71.
W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. The business’s revenue was up 2.0% on a year-over-year basis. Analysts anticipate that W.W. Grainger, Inc. will post $10.37 EPS for the current fiscal year.
Several research firms have commented on GWW. KeyCorp reissued a sector weight rating on shares of W.W. Grainger in a report on Monday, August 21st. Morgan Stanley reissued an underweight rating and set a $178.00 price objective (up previously from $172.00) on shares of W.W. Grainger in a report on Monday, October 2nd. BMO Capital Markets reissued a market perform rating and set a $178.00 price objective (up previously from $165.00) on shares of W.W. Grainger in a report on Monday, October 9th. BidaskClub raised shares of W.W. Grainger from a sell rating to a hold rating in a report on Wednesday, July 5th. Finally, Northcoast Research began coverage on shares of W.W. Grainger in a report on Tuesday, July 25th. They set a neutral rating for the company. Six equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock presently has an average rating of Hold and a consensus target price of $178.25.
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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