$2.18 Earnings Per Share Expected for W.W. Grainger, Inc. (GWW) This Quarter

Wall Street brokerages expect W.W. Grainger, Inc. (NYSE:GWW) to post earnings of $2.18 per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for W.W. Grainger’s earnings, with the highest EPS estimate coming in at $2.33 and the lowest estimate coming in at $2.04. W.W. Grainger reported earnings of $2.45 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 11%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, January 24th.

On average, analysts expect that W.W. Grainger will report full year earnings of $10.71 per share for the current year, with EPS estimates ranging from $10.60 to $10.85. For the next year, analysts expect that the business will report earnings of $11.06 per share, with EPS estimates ranging from $10.80 to $11.63. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for W.W. Grainger.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.06 EPS.

GWW has been the subject of a number of research analyst reports. Oppenheimer restated a “buy” rating and issued a $245.00 target price on shares of W.W. Grainger in a research note on Monday, November 13th. Wells Fargo & Company set a $210.00 target price on shares of W.W. Grainger and gave the company a “hold” rating in a research note on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of W.W. Grainger in a research note on Monday, November 13th. BMO Capital Markets reissued a “market perform” rating and issued a $178.00 target price (up from $165.00) on shares of W.W. Grainger in a research note on Monday, October 9th. Finally, Atlantic Securities raised shares of W.W. Grainger from an “underweight” rating to a “neutral” rating in a research note on Thursday, October 19th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $191.23.

W.W. Grainger (NYSE:GWW) traded up $1.64 during trading on Friday, hitting $223.91. The stock had a trading volume of 574,088 shares, compared to its average volume of 946,550. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. The firm has a market cap of $12,759.06, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.16 and a beta of 0.82. W.W. Grainger has a 52-week low of $155.00 and a 52-week high of $262.71.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were given a dividend of $1.28 per share. The ex-dividend date was Friday, November 10th. This represents a $5.12 dividend on an annualized basis and a yield of 2.29%. W.W. Grainger’s dividend payout ratio (DPR) is 60.95%.

In other news, VP Paige K. Robbins sold 346 shares of W.W. Grainger stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the sale, the vice president now owns 8,400 shares of the company’s stock, valued at $1,699,404. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John L. Howard sold 21,000 shares of W.W. Grainger stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,536 shares of company stock valued at $4,741,329. Company insiders own 9.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in W.W. Grainger during the third quarter worth about $396,000. Smith Shellnut Wilson LLC ADV raised its stake in W.W. Grainger by 79.8% during the third quarter. Smith Shellnut Wilson LLC ADV now owns 2,266 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,006 shares in the last quarter. Gyroscope Capital Management Group LLC raised its stake in W.W. Grainger by 5.4% during the third quarter. Gyroscope Capital Management Group LLC now owns 31,673 shares of the industrial products company’s stock worth $5,693,000 after acquiring an additional 1,621 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in W.W. Grainger during the third quarter worth about $133,000. Finally, Neuberger Berman Group LLC raised its stake in W.W. Grainger by 6.1% during the third quarter. Neuberger Berman Group LLC now owns 904,416 shares of the industrial products company’s stock worth $162,569,000 after acquiring an additional 51,995 shares in the last quarter. 85.21% of the stock is owned by institutional investors.

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W.W. Grainger Company Profile

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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Earnings History and Estimates for W.W. Grainger (NYSE:GWW)

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