W.R. Grace & Co. (GRA) Receiving Positive News Coverage, Report Finds
Media coverage about W.R. Grace & Co. (NYSE:GRA) has been trending positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. W.R. Grace & Co. earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 48.54192029785 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- FY2017 EPS Estimates for W.R. Grace & Co. Raised by Seaport Global Securities (GRA) (americanbankingnews.com)
- Seaport Global Securities Analysts Cut Earnings Estimates for W.R. Grace & Co. (GRA) (americanbankingnews.com)
- W.R. Grace to Hike Prices for FCC Catalysts Beginning in 2018 (finance.yahoo.com)
- Grace to Present at Baird 2017 Global Industrial Conference (finance.yahoo.com)
- W.R. Grace & Co. (GRA) Short Interest Up 42.3% in October (americanbankingnews.com)
W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. The company had revenue of $429.50 million for the quarter, compared to the consensus estimate of $411.50 million. W.R. Grace & Co. had a return on equity of 48.21% and a net margin of 8.54%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, November 14th. W.R. Grace & Co.’s payout ratio is 39.44%.
GRA has been the topic of a number of research analyst reports. KeyCorp reaffirmed a “buy” rating and set a $77.00 target price on shares of W.R. Grace & Co. in a report on Tuesday, October 17th. BidaskClub downgraded W.R. Grace & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Monness Crespi & Hardt reduced their target price on W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating on shares of W.R. Grace & Co. in a report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded W.R. Grace & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $81.36.
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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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