$2.57 Billion in Sales Expected for W W Grainger Inc (GWW) This Quarter

Wall Street analysts forecast that W W Grainger Inc (NYSE:GWW) will report sales of $2.57 billion for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for W W Grainger’s earnings, with estimates ranging from $2.53 billion to $2.61 billion. W W Grainger reported sales of $2.47 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The company is expected to issue its next earnings results before the market opens on Wednesday, January 24th.

According to Zacks, analysts expect that W W Grainger will report full year sales of $2.57 billion for the current fiscal year, with estimates ranging from $10.31 billion to $10.40 billion. For the next year, analysts expect that the business will report sales of $10.87 billion per share, with estimates ranging from $10.68 billion to $11.00 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow W W Grainger.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. W W Grainger had a return on equity of 34.25% and a net margin of 4.83%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.06 earnings per share.

Several equities analysts have recently commented on GWW shares. Zacks Investment Research downgraded W W Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Atlantic Securities raised W W Grainger from an “underweight” rating to a “neutral” rating in a research report on Thursday, October 19th. Royal Bank of Canada upped their target price on W W Grainger from $146.00 to $148.00 and gave the company an “underperform” rating in a research report on Tuesday, November 7th. Oppenheimer reissued a “buy” rating and set a $245.00 price target on shares of W W Grainger in a research report on Monday, November 13th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $178.00 price target (up previously from $165.00) on shares of W W Grainger in a research report on Monday, October 9th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $191.23.

W W Grainger (NYSE GWW) traded down $1.71 during trading on Friday, hitting $236.25. The stock had a trading volume of 524,307 shares, compared to its average volume of 720,499. W W Grainger has a 52 week low of $155.00 and a 52 week high of $262.71. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $13,559.72, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, November 10th. W W Grainger’s dividend payout ratio is currently 60.95%.

In other W W Grainger news, VP Eric R. Tapia sold 190 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the completion of the sale, the vice president now directly owns 3,748 shares in the company, valued at approximately $780,558.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Paige K. Robbins sold 346 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $202.31, for a total value of $69,999.26. Following the sale, the vice president now owns 8,400 shares of the company’s stock, valued at $1,699,404. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,536 shares of company stock valued at $4,741,329. 9.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of GWW. Vanguard Group Inc. grew its stake in shares of W W Grainger by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,549,453 shares of the industrial products company’s stock valued at $1,001,844,000 after buying an additional 111,244 shares during the period. Longview Partners Guernsey LTD boosted its stake in W W Grainger by 33.2% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock valued at $899,015,000 after purchasing an additional 1,245,771 shares during the last quarter. BlackRock Inc. boosted its stake in W W Grainger by 1.7% during the 2nd quarter. BlackRock Inc. now owns 3,476,970 shares of the industrial products company’s stock valued at $627,699,000 after purchasing an additional 59,673 shares during the last quarter. State Street Corp boosted its stake in W W Grainger by 5.4% during the 2nd quarter. State Street Corp now owns 3,251,383 shares of the industrial products company’s stock valued at $586,971,000 after purchasing an additional 165,293 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in W W Grainger by 13.0% during the 3rd quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock valued at $378,124,000 after purchasing an additional 242,827 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

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W W Grainger Company Profile

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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

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