W.W. Grainger (GWW) to Release Quarterly Earnings on Thursday

W.W. Grainger (NYSE:GWW) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $10.01 per share for the quarter. W.W. Grainger has set its FY 2024 guidance at 38.000-39.500 EPS.Parties interested in registering for the company’s conference call can do so using this link.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the company posted $9.28 earnings per share. W.W. Grainger’s revenue for the quarter was up 3.1% 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 Stock Performance

NYSE:GWW opened at $1,098.35 on Wednesday. The stock has a 50-day simple moving average of $1,028.15 and a two-hundred day simple moving average of $968.84. W.W. Grainger has a 52-week low of $710.24 and a 52-week high of $1,129.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. The firm has a market capitalization of $53.89 billion, a PE ratio of 30.32, a P/E/G ratio of 3.07 and a beta of 1.16.

Insider Buying and Selling at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the completion of the transaction, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Donald G. Macpherson sold 27,502 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the transaction, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GWW. Wolfe Research upgraded W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. Morgan Stanley initiated coverage on W.W. Grainger in a research report on Friday, September 6th. They set an “equal weight” rating and a $990.00 price objective on the stock. Oppenheimer cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada cut their target price on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and an average price target of $1,043.20.

W.W. Grainger Company Profile

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.