W.W. Grainger, Inc. (NYSE:GWW) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $10.00-11.30 for the period, compared to the Thomson Reuters consensus estimate of $10.36. The company issued revenue guidance of $10.24-10.54 billion, compared to the consensus revenue estimate of $10.39 billion.
W.W. Grainger, Inc. (GWW) traded up 0.18% on Friday, hitting $163.82. 485,475 shares of the stock were exchanged. W.W. Grainger, Inc. has a 12 month low of $160.29 and a 12 month high of $262.71. The company has a 50-day moving average of $171.63 and a 200 day moving average of $205.48. The firm has a market cap of $9.45 billion, a P/E ratio of 18.88 and a beta of 0.74.
W.W. Grainger (NYSE:GWW) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.09. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. W.W. Grainger’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $2.89 earnings per share. Equities research analysts expect that W.W. Grainger, Inc. will post $10.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be paid a dividend of $1.28 per share. The ex-dividend date is Thursday, August 10th. This represents a $5.12 annualized dividend and a yield of 3.13%. W.W. Grainger’s payout ratio is 59.12%.
Several equities analysts recently weighed in on GWW shares. J P Morgan Chase & Co started coverage on shares of W.W. Grainger in a research note on Friday, June 2nd. They set a neutral rating and a $180.00 target price for the company. Zacks Investment Research cut shares of W.W. Grainger from a hold rating to a strong sell rating in a research note on Friday, April 21st. TheStreet cut shares of W.W. Grainger from a b- rating to a c+ rating in a research note on Thursday, May 11th. Credit Suisse Group reissued an underperform rating and issued a $150.00 price objective (down from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. Finally, William Blair cut shares of W.W. Grainger from an outperform rating to a market perform rating in a research note on Monday, April 24th. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. W.W. Grainger presently has a consensus rating of Hold and a consensus target price of $180.33.
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About W.W. Grainger
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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