Analysts Anticipate W W Grainger Inc (GWW) Will Post Quarterly Sales of $2.79 Billion

Wall Street brokerages forecast that W W Grainger Inc (NYSE:GWW) will report sales of $2.79 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for W W Grainger’s earnings. The lowest sales estimate is $2.77 billion and the highest is $2.80 billion. W W Grainger reported sales of $2.63 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The business is scheduled to report its next earnings report on Wednesday, January 23rd.

On average, analysts expect that W W Grainger will report full year sales of $11.26 billion for the current year, with estimates ranging from $11.23 billion to $11.31 billion. For the next year, analysts forecast that the company will report sales of $12.00 billion, with estimates ranging from $11.89 billion to $12.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow W W Grainger.

W W Grainger (NYSE:GWW) last released its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.23. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. W W Grainger’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.79 earnings per share.

Several research firms have recently issued reports on GWW. Macquarie upped their target price on W W Grainger from $314.00 to $358.00 and gave the company a “neutral” rating in a report on Wednesday, August 22nd. ValuEngine lowered W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Gordon Haskett began coverage on W W Grainger in a report on Friday, October 12th. They issued a “hold” rating for the company. Oppenheimer upped their target price on W W Grainger from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, August 23rd. Finally, BMO Capital Markets reduced their target price on W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. W W Grainger currently has an average rating of “Hold” and an average target price of $308.43.

Shares of GWW stock traded down $10.14 during trading on Monday, hitting $289.43. The company’s stock had a trading volume of 496,619 shares, compared to its average volume of 483,676. The firm has a market cap of $16.87 billion, a PE ratio of 25.26, a P/E/G ratio of 1.48 and a beta of 1.11. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. W W Grainger has a 52 week low of $221.24 and a 52 week high of $372.06.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Monday, November 12th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, November 8th. W W Grainger’s dividend payout ratio (DPR) is 47.47%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in W W Grainger by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock valued at $18,915,000 after purchasing an additional 535 shares during the period. United Services Automobile Association grew its holdings in W W Grainger by 1.7% during the second quarter. United Services Automobile Association now owns 35,922 shares of the industrial products company’s stock valued at $11,078,000 after purchasing an additional 596 shares during the period. Ronna Sue Cohen bought a new position in W W Grainger during the third quarter valued at $3,651,000. Piedmont Investment Advisors Inc. grew its holdings in W W Grainger by 548.1% during the third quarter. Piedmont Investment Advisors Inc. now owns 3,746 shares of the industrial products company’s stock valued at $1,339,000 after purchasing an additional 3,168 shares during the period. Finally, Aperio Group LLC grew its holdings in W W Grainger by 7.4% during the third quarter. Aperio Group LLC now owns 45,390 shares of the industrial products company’s stock valued at $16,223,000 after purchasing an additional 3,141 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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