W. R. Grace & Co (NYSE:GRA) issued its quarterly earnings results on Thursday. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02, Bloomberg Earnings reports. The firm had revenue of $459.50 million for the quarter, compared to analyst estimates of $453.84 million. W. R. Grace & Co had a return on equity of 57.99% and a net margin of 0.65%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. W. R. Grace & Co updated its FY18 guidance to $3.72-3.82 EPS.

W. R. Grace & Co (NYSE:GRA) opened at $64.84 on Friday. W. R. Grace & Co has a 1 year low of $62.58 and a 1 year high of $77.37. The company has a market capitalization of $4,439.17, a P/E ratio of 405.25, a P/E/G ratio of 1.47 and a beta of 1.16. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.06 and a current ratio of 1.59.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be given a dividend of $0.24 per share. This is an increase from W. R. Grace & Co’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 1.48%. W. R. Grace & Co’s dividend payout ratio (DPR) is presently 525.00%.

A number of analysts have recently issued reports on GRA shares. Zacks Investment Research lowered W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. KeyCorp reaffirmed an “overweight” rating and issued a $84.00 price target (up from $77.00) on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating and issued a $77.00 price target on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Finally, TheStreet lowered W. R. Grace & Co from a “b-” rating to a “c” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. W. R. Grace & Co presently has an average rating of “Buy” and a consensus price target of $81.56.

A number of institutional investors have recently made changes to their positions in GRA. Prudential Financial Inc. lifted its position in W. R. Grace & Co by 4.6% during the second quarter. Prudential Financial Inc. now owns 4,553 shares of the specialty chemicals company’s stock worth $328,000 after buying an additional 200 shares in the last quarter. PNC Financial Services Group Inc. raised its position in W. R. Grace & Co by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 7,814 shares of the specialty chemicals company’s stock valued at $562,000 after purchasing an additional 101 shares during the period. Northern Trust Corp raised its position in W. R. Grace & Co by 0.3% in the second quarter. Northern Trust Corp now owns 441,757 shares of the specialty chemicals company’s stock valued at $31,811,000 after purchasing an additional 1,291 shares during the period. Parametric Portfolio Associates LLC raised its position in W. R. Grace & Co by 2.7% in the second quarter. Parametric Portfolio Associates LLC now owns 48,265 shares of the specialty chemicals company’s stock valued at $3,476,000 after purchasing an additional 1,257 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in W. R. Grace & Co by 21.1% in the second quarter. Dimensional Fund Advisors LP now owns 360,448 shares of the specialty chemicals company’s stock valued at $25,955,000 after purchasing an additional 62,804 shares during the period. Hedge funds and other institutional investors own 84.90% of the company’s stock.

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W. R. Grace & Co Company Profile

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

Earnings History for W. R. Grace & Co (NYSE:GRA)

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