Equities research analysts expect W W Grainger Inc (NYSE:GWW) to report earnings per share of $3.57 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for W W Grainger’s earnings. The highest EPS estimate is $3.75 and the lowest is $3.42. W W Grainger reported earnings of $2.94 per share during the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The business is scheduled to issue its next earnings report on Wednesday, January 23rd.

On average, analysts expect that W W Grainger will report full-year earnings of $16.29 per share for the current financial year, with EPS estimates ranging from $16.15 to $16.50. For the next year, analysts anticipate that the business will report earnings of $17.92 per share, with EPS estimates ranging from $15.90 to $18.60. Zacks’ EPS calculations are an average based on a survey of analysts that cover W W Grainger.

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

GWW has been the subject of a number of analyst reports. Gabelli cut shares of W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 target price for the company. in a research note on Monday, July 16th. UBS Group lifted their target price on shares of W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Thursday, August 30th. Royal Bank of Canada lifted their target price on shares of W W Grainger to $243.00 and gave the company an “underperform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Oppenheimer lifted their target price on shares of W W Grainger from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, September 21st. Finally, Longbow Research reiterated a “hold” rating on shares of W W Grainger in a research note on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $308.43.

In other news, VP John L. Howard sold 14,990 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total value of $5,519,318.00. Following the completion of the sale, the vice president now directly owns 58,207 shares in the company, valued at $21,431,817.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian P. Anderson sold 1,000 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $360.18, for a total transaction of $360,180.00. Following the completion of the sale, the director now owns 4,040 shares of the company’s stock, valued at $1,455,127.20. The disclosure for this sale can be found here. 10.10% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of W W Grainger by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock worth $18,915,000 after buying an additional 535 shares during the last quarter. United Services Automobile Association lifted its stake in shares of W W Grainger by 1.7% in the second quarter. United Services Automobile Association now owns 35,922 shares of the industrial products company’s stock worth $11,078,000 after buying an additional 596 shares during the last quarter. Ronna Sue Cohen acquired a new stake in shares of W W Grainger in the third quarter worth $3,651,000. Sun Life Financial INC lifted its stake in shares of W W Grainger by 60.4% in the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after buying an additional 154 shares during the last quarter. Finally, Neuburgh Advisers LLC lifted its stake in shares of W W Grainger by 207.5% in the second quarter. Neuburgh Advisers LLC now owns 7,238 shares of the industrial products company’s stock worth $2,232,000 after buying an additional 4,884 shares during the last quarter. Institutional investors and hedge funds own 75.28% of the company’s stock.

NYSE GWW opened at $293.75 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.06. W W Grainger has a 12-month low of $191.39 and a 12-month high of $372.06.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Monday, November 12th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 8th. W W Grainger’s payout ratio is 47.47%.

W W Grainger Company Profile

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

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