William Blair Weighs in on W.W. Grainger Inc.’s FY2016 Earnings (GWW)
W.W. Grainger Inc. (NYSE:GWW) – William Blair raised their FY2016 earnings per share estimates for W.W. Grainger in a report released on Tuesday. William Blair analyst R. Merkel now expects that the firm will post earnings of $11.56 per share for the year, up from their prior estimate of $11.53. William Blair also issued estimates for W.W. Grainger’s Q4 2016 earnings at $2.42 EPS, Q1 2017 earnings at $3.14 EPS, Q2 2017 earnings at $3.06 EPS, Q3 2017 earnings at $3.26 EPS, Q4 2017 earnings at $2.53 EPS and FY2018 earnings at $13.45 EPS.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 18th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.99 by $0.07. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the business earned $3.03 earnings per share. W.W. Grainger’s revenue was up 2.5% compared to the same quarter last year.
GWW has been the topic of a number of other reports. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Macquarie started coverage on shares of W.W. Grainger in a research report on Thursday, August 25th. They set an “outperform” rating and a $274.00 price target on the stock. Wells Fargo & Co. restated a “hold” rating on shares of W.W. Grainger in a research report on Sunday, September 4th. RBC Capital Markets reiterated an “underperform” rating and issued a $211.00 target price on shares of W.W. Grainger in a report on Monday, September 19th. Finally, Royal Bank Of Canada dropped their target price on shares of W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating on the stock in a report on Wednesday, July 20th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. W.W. Grainger has an average rating of “Hold” and an average target price of $225.50.
W.W. Grainger (NYSE:GWW) traded down 0.23% during trading on Wednesday, reaching $205.39. 559,908 shares of the company’s stock were exchanged. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 18.68 and a beta of 0.81. W.W. Grainger has a 52 week low of $176.85 and a 52 week high of $239.95. The company’s 50 day moving average price is $222.13 and its 200-day moving average price is $225.65.
A number of hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in W.W. Grainger by 31.8% in the second quarter. Van ECK Associates Corp now owns 601 shares of the company’s stock valued at $137,000 after buying an additional 145 shares in the last quarter. CENTRAL TRUST Co increased its stake in W.W. Grainger by 5.1% in the second quarter. CENTRAL TRUST Co now owns 832 shares of the company’s stock valued at $189,000 after buying an additional 40 shares in the last quarter. Evercore Wealth Management LLC increased its stake in W.W. Grainger by 4.4% in the second quarter. Evercore Wealth Management LLC now owns 861 shares of the company’s stock valued at $195,000 after buying an additional 36 shares in the last quarter. Ingalls & Snyder LLC acquired a new stake in W.W. Grainger during the second quarter valued at approximately $200,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in W.W. Grainger during the second quarter valued at approximately $205,000. 82.56% of the stock is owned by institutional investors.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total value of $378,840.00. Following the completion of the sale, the vice president now directly owns 7,531 shares of the company’s stock, valued at $1,656,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.60% of the stock is currently owned by company insiders.
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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