W W Grainger (GWW) Posts Earnings Results, Beats Expectations By $0.23 EPS
W W Grainger (NYSE:GWW) posted its earnings results on Tuesday. The industrial products company reported $4.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.96 by $0.23, MarketWatch Earnings reports. W W Grainger had a net margin of 7.16% and a return on equity of 42.66%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the business posted $2.79 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year.
NYSE:GWW opened at $280.01 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $20.06 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.79 and a beta of 0.82. W W Grainger has a 52 week low of $186.43 and a 52 week high of $372.06.
A number of research firms recently weighed in on GWW. Wolfe Research began coverage on shares of W W Grainger in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. ValuEngine lowered shares of W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research lowered shares of W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. BMO Capital Markets increased their price objective on shares of W W Grainger from $255.00 to $267.00 and gave the company a “market perform” rating in a research note on Friday, July 6th. Finally, Oppenheimer increased their price objective on shares of W W Grainger from $350.00 to $380.00 and gave the company an “outperform” rating in a research note on Thursday, July 19th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. W W Grainger presently has an average rating of “Hold” and a consensus price target of $303.20.
W W Grainger Company Profile
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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