$2.79 Billion in Sales Expected for W W Grainger Inc (GWW) This Quarter

Brokerages predict that W W Grainger Inc (NYSE:GWW) will report $2.79 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for W W Grainger’s earnings, with estimates ranging from $2.77 billion to $2.80 billion. W W Grainger posted sales of $2.63 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The business is scheduled to report its next earnings results on Wednesday, January 23rd.

According to Zacks, analysts expect that W W Grainger will report full-year sales of $11.26 billion for the current fiscal year, with estimates ranging from $11.23 billion to $11.31 billion. For the next fiscal year, analysts expect that the business will report sales of $12.00 billion, with estimates ranging from $11.89 billion to $12.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover W W Grainger.

W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.96 by $0.23. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.79 EPS.

Several equities analysts have recently issued reports on GWW shares. Oppenheimer boosted their price objective on W W Grainger from $400.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, September 21st. Macquarie boosted their price objective on W W Grainger from $314.00 to $358.00 and gave the company a “neutral” rating in a report on Wednesday, August 22nd. Gordon Haskett started coverage on W W Grainger in a report on Friday, October 12th. They issued a “hold” rating for the company. BMO Capital Markets decreased their price objective on W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of W W Grainger in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $308.43.

In related news, VP John L. Howard sold 14,990 shares of W W Grainger stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total value of $5,519,318.00. Following the completion of the transaction, the vice president now owns 58,207 shares in the company, valued at approximately $21,431,817.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian P. Anderson sold 1,000 shares of W W Grainger stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $360.18, for a total value of $360,180.00. Following the completion of the transaction, the director now owns 4,040 shares of the company’s stock, valued at approximately $1,455,127.20. The disclosure for this sale can be found here. 10.10% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Financial Architects Inc increased its stake in W W Grainger by 1,195.7% during the 3rd quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock worth $107,000 after buying an additional 275 shares in the last quarter. Sun Life Financial INC increased its stake in W W Grainger by 60.4% during the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after buying an additional 154 shares in the last quarter. First Interstate Bank increased its stake in W W Grainger by 161.3% during the 3rd quarter. First Interstate Bank now owns 405 shares of the industrial products company’s stock worth $145,000 after buying an additional 250 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in W W Grainger during the 2nd quarter worth approximately $178,000. Finally, Global Financial Private Capital LLC purchased a new stake in W W Grainger during the 2nd quarter worth approximately $203,000. Hedge funds and other institutional investors own 75.28% of the company’s stock.

Shares of GWW stock opened at $293.75 on Friday. The stock has a market capitalization of $16.20 billion, a PE ratio of 25.63, a P/E/G ratio of 1.42 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. W W Grainger has a 52-week low of $191.39 and a 52-week high of $372.06.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Monday, November 12th will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $5.44 annualized dividend and a dividend yield of 1.85%. W W Grainger’s dividend payout ratio is presently 47.47%.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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