W.W. Grainger (NYSE:GWW – Get Free Report) is expected to be announcing its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $9.74 per share and revenue of $4,238,887.12 billion for the quarter. W.W. Grainger has set its FY24 guidance at $38.65-39.35 EPS and its FY 2024 guidance at 38.650-39.350 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
W.W. Grainger (NYSE:GWW – Get Free Report) last posted its earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the business earned $9.43 earnings per share. W.W. Grainger’s revenue was up 4.3% on a year-over-year basis. On average, analysts expect W.W. Grainger to post $39 EPS for the current fiscal year and $42 EPS for the next fiscal year.
W.W. Grainger Price Performance
NYSE:GWW opened at $1,120.63 on Friday. W.W. Grainger has a 52 week low of $868.53 and a 52 week high of $1,227.66. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $54.57 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 2.88 and a beta of 1.18. The stock’s 50-day moving average price is $1,126.79 and its 200-day moving average price is $1,056.43.
W.W. Grainger Announces Dividend
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Oppenheimer lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Northcoast Research began coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating on the stock. Loop Capital raised their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, UBS Group began coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and an average target price of $1,140.56.
Check Out Our Latest Stock Report on GWW
Insiders Place Their Bets
In related news, VP Laurie R. Thomson sold 125 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the completion of the transaction, the vice president now owns 675 shares in the company, valued at approximately $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Deidra C. Merriwether sold 704 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total transaction of $778,335.36. Following the transaction, the chief financial officer now owns 9,509 shares of the company’s stock, valued at approximately $10,513,055.31. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,406 shares of company stock worth $11,634,643 over the last 90 days. Corporate insiders own 9.50% of the company’s stock.
About W.W. Grainger
W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.
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