Equities analysts predict that W.W. Grainger, Inc. (NYSE:GWW) will post sales of $3.27 billion for the current quarter, according to Zacks. Five analysts have made estimates for W.W. Grainger’s earnings. The lowest sales estimate is $3.23 billion and the highest is $3.30 billion. W.W. Grainger reported sales of $2.94 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.2%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 3rd.
On average, analysts expect that W.W. Grainger will report full year sales of $12.94 billion for the current year, with estimates ranging from $12.89 billion to $12.97 billion. For the next financial year, analysts forecast that the business will post sales of $13.90 billion, with estimates ranging from $13.74 billion to $14.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for W.W. Grainger.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Friday, October 29th. The industrial products company reported $5.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.31 by $0.34. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.32 billion. W.W. Grainger had a net margin of 7.35% and a return on equity of 45.31%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.52 EPS.
In related news, VP Paige K. Robbins sold 565 shares of the company’s stock in a transaction that occurred on Friday, October 29th. The shares were sold at an average price of $450.00, for a total value of $254,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.04% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of GWW. Clean Yield Group bought a new position in shares of W.W. Grainger in the second quarter worth approximately $31,000. SkyView Investment Advisors LLC boosted its stake in shares of W.W. Grainger by 68.8% during the first quarter. SkyView Investment Advisors LLC now owns 81 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares during the period. Herold Advisors Inc. purchased a new stake in W.W. Grainger in the third quarter worth $39,000. Bbva USA purchased a new stake in W.W. Grainger in the second quarter worth $57,000. Finally, Advisory Services Network LLC purchased a new stake in W.W. Grainger in the second quarter worth $65,000. Institutional investors own 69.28% of the company’s stock.
Shares of NYSE:GWW traded up $0.44 during midday trading on Friday, reaching $498.44. The company had a trading volume of 215,822 shares, compared to its average volume of 265,673. The company’s 50 day moving average price is $440.90 and its 200 day moving average price is $444.59. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 1.12. The stock has a market cap of $25.68 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.90 and a beta of 1.27. W.W. Grainger has a 52-week low of $356.23 and a 52-week high of $501.05.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Monday, November 8th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, November 5th. W.W. Grainger’s dividend payout ratio is presently 36.99%.
W.W. Grainger Company Profile
W.W. Grainger, Inc operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives.
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