Equities research analysts forecast that W.W. Grainger, Inc. (NYSE:GWW) will report $3.27 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for W.W. Grainger’s earnings, with estimates ranging from $3.23 billion to $3.30 billion. W.W. Grainger reported sales of $2.94 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.2%. The business is expected to announce its next earnings results 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 fiscal year, with estimates ranging from $12.89 billion to $12.97 billion. For the next year, analysts anticipate that the business will report sales of $13.90 billion, with estimates ranging from $13.74 billion to $14.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover W.W. Grainger.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Friday, October 29th. The industrial products company reported $5.65 earnings per share for the quarter, beating the consensus estimate of $5.31 by $0.34. W.W. Grainger had a return on equity of 45.31% and a net margin of 7.35%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the company earned $4.52 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis.
NYSE GWW traded up $0.44 during trading hours on Friday, hitting $498.44. The company’s stock had a trading volume of 215,822 shares, compared to its average volume of 265,673. W.W. Grainger has a 12 month low of $356.23 and a 12 month high of $501.05. The company’s 50 day simple moving average is $440.90 and its two-hundred day simple moving average is $444.59. The company has a market cap of $25.68 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.58 and a quick ratio of 1.43.
The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 5th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.30%. W.W. Grainger’s payout ratio is currently 36.99%.
In other news, VP Paige K. Robbins sold 565 shares of W.W. Grainger stock in a transaction dated Friday, October 29th. The stock was sold at an average price of $450.00, for a total transaction of $254,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.04% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Clean Yield Group bought a new stake in W.W. Grainger during the 2nd quarter valued at approximately $31,000. SkyView Investment Advisors LLC raised its stake in W.W. Grainger by 68.8% during the 1st 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. bought a new stake in W.W. Grainger during the 3rd quarter valued at approximately $39,000. Bbva USA bought a new stake in W.W. Grainger during the 2nd quarter valued at approximately $57,000. Finally, Advisory Services Network LLC bought a new stake in W.W. Grainger during the 2nd quarter valued at approximately $65,000. 69.28% of the stock is currently owned by institutional investors.
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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