Analysts Issue Forecasts for W. R. Grace & Co’s Q1 2019 Earnings (GRA)
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) 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.
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