W. R. Grace & Co (NYSE:GRA) issued its earnings results on Thursday. The specialty chemicals company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02, MarketWatch Earnings reports. The company had revenue of $418.70 million for the quarter, compared to analyst estimates of $393.49 million. W. R. Grace & Co had a net margin of 7.52% and a return on equity of 68.38%. The business’s revenue was down 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. W. R. Grace & Co updated its Q3 2020
Pre-Market guidance to EPS.

GRA traded down $1.55 on Thursday, reaching $48.54. 12,278 shares of the company’s stock were exchanged, compared to its average volume of 375,973. The company’s 50 day moving average is $50.76 and its 200-day moving average is $51.90. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 23.30 and a beta of 1.53. W. R. Grace & Co has a twelve month low of $26.75 and a twelve month high of $73.36. The company has a debt-to-equity ratio of 5.09, a quick ratio of 1.00 and a current ratio of 1.49.

GRA has been the topic of several recent research reports. Loop Capital decreased their price objective on shares of W. R. Grace & Co from $69.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of W. R. Grace & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, July 8th. ValuEngine upgraded shares of W. R. Grace & Co from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Robert W. Baird boosted their price objective on shares of W. R. Grace & Co from $45.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Wells Fargo & Co boosted their price objective on shares of W. R. Grace & Co from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $65.50.

In related news, CEO Force Andrew Hudson La III purchased 5,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was purchased at an average price of $46.37 per share, for a total transaction of $231,850.00. Following the acquisition, the chief executive officer now directly owns 108,814 shares in the company, valued at $5,045,705.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Elizabeth C. Brown purchased 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average price of $51.21 per share, with a total value of $102,420.00. Following the acquisition, the vice president now owns 20,378 shares in the company, valued at $1,043,557.38. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by corporate insiders.

W. R. Grace & Co Company Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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Earnings History for W. R. Grace & Co (NYSE:GRA)

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