W W Grainger Inc (GWW) Expected to Post Q2 2017 Earnings of $2.67 Per Share

W W Grainger Inc (NYSE:GWW) – Equities researchers at Oppenheimer Holdings cut their Q2 2017 EPS estimates for shares of W W Grainger in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst C. Glynn now forecasts that the industrial products company will earn $2.67 per share for the quarter, down from their prior forecast of $3.07. Oppenheimer Holdings also issued estimates for W W Grainger’s Q3 2017 earnings at $2.55 EPS, Q4 2017 earnings at $2.30 EPS, FY2017 earnings at $10.40 EPS and FY2018 earnings at $11.00 EPS.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.99 by $0.11. The company earned $2.54 billion during the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a return on equity of 32.79% and a net margin of 5.98%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.18 earnings per share.

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

Other equities research analysts have also recently issued research reports about the stock. TheStreet raised shares of W W Grainger from a “c+” rating to a “b-” rating in a research report on Monday, February 27th. BMO Capital Markets reaffirmed a “buy” rating on shares of W W Grainger in a research report on Thursday, January 26th. Barclays PLC reaffirmed an “equal weight” rating and set a $239.00 price objective (up previously from $226.00) on shares of W W Grainger in a research report on Thursday, January 26th. Deutsche Bank AG raised shares of W W Grainger from a “sell” rating to a “hold” rating and upped their price objective for the stock from $194.00 to $246.00 in a research report on Thursday, January 26th. Finally, Stifel Nicolaus upped their price objective on shares of W W Grainger from $245.00 to $266.00 and gave the stock a “hold” rating in a research report on Friday, January 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $230.00.

Shares of W W Grainger (NYSE:GWW) opened at 195.96 on Friday. The firm has a market capitalization of $11.53 billion, a price-to-earnings ratio of 19.85 and a beta of 0.82. W W Grainger has a 1-year low of $192.50 and a 1-year high of $262.71. The company’s 50-day moving average is $234.85 and its 200 day moving average is $233.23.

In other W W Grainger news, VP Ronald L. Jadin sold 31,186 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $249.06, for a total transaction of $7,767,185.16. Following the completion of the transaction, the vice president now owns 51,645 shares of the company’s stock, valued at $12,862,703.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Laura D. Brown sold 695 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $249.07, for a total value of $173,103.65. Following the transaction, the vice president now directly owns 11,235 shares of the company’s stock, valued at approximately $2,798,301.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,940 shares of company stock valued at $8,712,647. Insiders own 9.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of GWW. State Street Corp increased its position in shares of W W Grainger by 5.3% in the fourth quarter. State Street Corp now owns 3,247,283 shares of the industrial products company’s stock valued at $754,163,000 after buying an additional 164,272 shares during the last quarter. Longview Partners Guernsey LTD increased its position in shares of W W Grainger by 1.5% in the third quarter. Longview Partners Guernsey LTD now owns 3,032,124 shares of the industrial products company’s stock valued at $681,743,000 after buying an additional 45,052 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of W W Grainger by 2.8% in the third quarter. Wells Fargo & Company MN now owns 1,351,780 shares of the industrial products company’s stock valued at $303,934,000 after buying an additional 37,263 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of W W Grainger by 3.0% in the third quarter. BlackRock Fund Advisors now owns 928,279 shares of the industrial products company’s stock valued at $208,714,000 after buying an additional 27,349 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of W W Grainger by 12.9% in the third quarter. Mackenzie Financial Corp now owns 857,608 shares of the industrial products company’s stock valued at $192,825,000 after buying an additional 97,875 shares during the last quarter. 80.18% of the stock is owned by hedge funds and other institutional investors.

About W W Grainger

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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