Wall Street brokerages forecast that Graco Inc. (NYSE:GGG) will announce sales of $425.30 million for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Graco’s earnings. The highest sales estimate is $436.10 million and the lowest is $416.00 million. Graco reported sales of $415.94 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that Graco will report full-year sales of $1.68 billion for the current financial year, with estimates ranging from $1.66 billion to $1.72 billion. For the next year, analysts anticipate that the firm will post sales of $1.75 billion, with estimates ranging from $1.70 billion to $1.80 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Graco.

Graco (NYSE:GGG) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). The firm had revenue of $428.30 million for the quarter, compared to the consensus estimate of $444.93 million. Graco had a return on equity of 39.22% and a net margin of 20.61%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share.

Several equities analysts have recently issued reports on GGG shares. Robert W. Baird set a $50.00 target price on Graco and gave the stock a “hold” rating in a research report on Friday, July 26th. Zacks Investment Research upgraded Graco from a “sell” rating to a “hold” rating and set a $49.00 target price for the company in a research report on Wednesday, May 29th. Finally, ValuEngine lowered Graco from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Graco presently has a consensus rating of “Hold” and an average price target of $47.20.

In related news, Director William J. Carroll sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $46.53, for a total value of $279,180.00. Following the completion of the transaction, the director now directly owns 49,984 shares in the company, valued at approximately $2,325,755.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.23% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in GGG. Geode Capital Management LLC boosted its position in Graco by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 1,717,163 shares of the industrial products company’s stock worth $71,862,000 after acquiring an additional 84,230 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Graco during the 1st quarter worth approximately $265,000. Janney Montgomery Scott LLC acquired a new position in Graco during the 1st quarter worth approximately $707,000. First Republic Investment Management Inc. boosted its position in Graco by 19.1% during the 1st quarter. First Republic Investment Management Inc. now owns 17,468 shares of the industrial products company’s stock worth $865,000 after acquiring an additional 2,807 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Graco by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 13,710 shares of the industrial products company’s stock worth $679,000 after acquiring an additional 1,816 shares during the last quarter. 83.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Graco stock traded up $0.24 during trading on Tuesday, hitting $46.25. 16,653 shares of the company were exchanged, compared to its average volume of 349,587. The firm has a market capitalization of $7.78 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. Graco has a 1-year low of $37.36 and a 1-year high of $53.91. The firm’s fifty day moving average price is $46.02 and its 200 day moving average price is $48.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.39.

Graco Company Profile

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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Earnings History and Estimates for Graco (NYSE:GGG)

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