$4.42 EPS Expected for W W Grainger Inc (GWW) This Quarter

Equities analysts forecast that W W Grainger Inc (NYSE:GWW) will announce earnings of $4.42 per share for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for W W Grainger’s earnings, with the lowest EPS estimate coming in at $4.00 and the highest estimate coming in at $4.56. W W Grainger posted earnings of $4.18 per share during the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The business is expected to announce its next quarterly earnings report before the market opens on Monday, April 22nd.

According to Zacks, analysts expect that W W Grainger will report full year earnings of $17.99 per share for the current financial year, with EPS estimates ranging from $17.68 to $18.30. For the next year, analysts anticipate that the company will post earnings of $19.92 per share, with EPS estimates ranging from $19.00 to $20.70. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover W W Grainger.

W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, January 24th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.36. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.81 billion. W W Grainger had a net margin of 6.95% and a return on equity of 46.52%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.94 earnings per share.

A number of equities research analysts have issued reports on GWW shares. Zacks Investment Research downgraded shares of W W Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Jefferies Financial Group began coverage on shares of W W Grainger in a research note on Monday, January 7th. They set a “hold” rating and a $300.00 price objective on the stock. Wolfe Research cut shares of W W Grainger from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 8th. Macquarie raised shares of W W Grainger from a “neutral” rating to an “outperform” rating and set a $281.21 target price for the company in a report on Tuesday, January 15th. Finally, Royal Bank of Canada increased their target price on shares of W W Grainger to $240.00 and gave the stock an “underperform” rating in a report on Friday, January 25th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $311.66.

Shares of W W Grainger stock opened at $308.18 on Thursday. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.42 and a beta of 1.01. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.34 and a current ratio of 2.37. W W Grainger has a 12-month low of $265.00 and a 12-month high of $372.06.

In other news, VP John L. Howard sold 1,211 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $310.09, for a total value of $375,518.99. Following the completion of the transaction, the vice president now owns 44,934 shares of the company’s stock, valued at $13,933,584.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Donald G. Macpherson sold 2,317 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $310.03, for a total transaction of $718,339.51. Following the completion of the transaction, the chairman now directly owns 45,848 shares of the company’s stock, valued at approximately $14,214,255.44. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Good Life Advisors LLC raised its holdings in W W Grainger by 3.1% in the 4th quarter. Good Life Advisors LLC now owns 1,236 shares of the industrial products company’s stock valued at $349,000 after buying an additional 37 shares during the last quarter. Wedbush Securities Inc. raised its holdings in W W Grainger by 4.1% in the 4th quarter. Wedbush Securities Inc. now owns 934 shares of the industrial products company’s stock valued at $264,000 after buying an additional 37 shares during the last quarter. Avestar Capital LLC raised its holdings in W W Grainger by 9.4% in the 4th quarter. Avestar Capital LLC now owns 442 shares of the industrial products company’s stock valued at $104,000 after buying an additional 38 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in W W Grainger by 1.6% in the 4th quarter. Wetherby Asset Management Inc. now owns 2,437 shares of the industrial products company’s stock valued at $689,000 after buying an additional 38 shares during the last quarter. Finally, Lincoln National Corp raised its holdings in W W Grainger by 5.6% in the 4th quarter. Lincoln National Corp now owns 873 shares of the industrial products company’s stock valued at $246,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 78.21% of the company’s stock.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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