W. R. Grace & Co (NYSE:GRA) – Research analysts at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for shares of W. R. Grace & Co in a note issued to investors on Monday. Seaport Global Securities analyst M. Harrison expects that the specialty chemicals company will earn $0.86 per share for the quarter. Seaport Global Securities has a “Buy” rating and a $82.00 price target on the stock. Seaport Global Securities also issued estimates for W. R. Grace & Co’s Q2 2019 earnings at $1.05 EPS, Q3 2019 earnings at $1.09 EPS and Q4 2019 earnings at $1.32 EPS.

A number of other analysts also recently weighed in on the company. TheStreet downgraded W. R. Grace & Co from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded W. R. Grace & Co from a “strong sell” rating to a “hold” rating in a report on Thursday, January 18th. Jefferies Group reiterated a “hold” rating and set a $77.00 price target on shares of W. R. Grace & Co in a report on Thursday, October 26th. Finally, KeyCorp reiterated an “overweight” rating and set a $84.00 price target (up from $77.00) on shares of W. R. Grace & Co in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. W. R. Grace & Co has an average rating of “Buy” and an average price target of $81.60.

W. R. Grace & Co (NYSE:GRA) traded up $0.86 during midday trading on Wednesday, reaching $65.76. The company had a trading volume of 323,491 shares, compared to its average volume of 720,080. The firm has a market capitalization of $4,450.69, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. W. R. Grace & Co has a 1-year low of $62.58 and a 1-year high of $77.37. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 3.83.

W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $459.50 million during the quarter, compared to the consensus estimate of $453.84 million. W. R. Grace & Co had a return on equity of 57.99% and a net margin of 0.65%. W. R. Grace & Co’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from W. R. Grace & Co’s previous quarterly dividend of $0.21. W. R. Grace & Co’s dividend payout ratio is 525.00%.

In related news, VP Thomas E. Blaser acquired 5,300 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of $65.32 per share, with a total value of $346,196.00. Following the transaction, the vice president now directly owns 9,962 shares of the company’s stock, valued at $650,717.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Alfred E. Festa acquired 25,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $65.38 per share, for a total transaction of $1,634,500.00. Following the transaction, the chairman now directly owns 268,935 shares in the company, valued at $17,582,970.30. The disclosure for this purchase can be found here. 1.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in GRA. American International Group Inc. bought a new position in shares of W. R. Grace & Co during the 4th quarter worth approximately $113,000. Cerebellum GP LLC purchased a new stake in shares of W. R. Grace & Co during the 4th quarter worth approximately $124,000. The Manufacturers Life Insurance Company increased its stake in shares of W. R. Grace & Co by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 133 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of W. R. Grace & Co by 244.1% during the 3rd quarter. Toronto Dominion Bank now owns 2,887 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 2,048 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of W. R. Grace & Co by 87.7% during the 4th quarter. US Bancorp DE now owns 2,943 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 1,375 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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