Graco (GGG) Projected to Post Quarterly Earnings on Monday

Graco (NYSE:GGG) will likely be posting its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect Graco to post earnings of $0.77 per share and revenue of $552,190.00 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $519.21 million during the quarter, compared to analysts’ expectations of $538.19 million. Graco had a return on equity of 21.24% and a net margin of 22.87%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. On average, analysts expect Graco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Graco Trading Up 0.3 %

GGG stock opened at $85.26 on Monday. Graco has a 1-year low of $77.49 and a 1-year high of $94.77. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.64 and a beta of 0.84. The company’s 50 day moving average is $86.87 and its 200 day moving average is $84.36.

Graco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Monday, January 20th will be given a $0.275 dividend. The ex-dividend date is Friday, January 17th. This is a positive change from Graco’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a yield of 1.29%. Graco’s payout ratio is 38.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GGG shares. DA Davidson restated a “neutral” rating and issued a $79.00 price objective on shares of Graco in a report on Friday, September 27th. Royal Bank of Canada increased their target price on shares of Graco from $93.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Robert W. Baird reduced their price target on Graco from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, BNP Paribas upgraded Graco from a “neutral” rating to an “outperform” rating and set a $105.00 price objective for the company in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.50.

Insider Buying and Selling

In related news, EVP Kathryn L. Schoenrock sold 1,527 shares of Graco stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $90.30, for a total transaction of $137,888.10. Following the completion of the transaction, the executive vice president now directly owns 6,374 shares of the company’s stock, valued at $575,572.20. This trade represents a 19.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Caroline M. Chambers sold 8,280 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $90.57, for a total transaction of $749,919.60. Following the sale, the insider now directly owns 57,612 shares in the company, valued at $5,217,918.84. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,098 shares of company stock valued at $2,776,150 over the last three months. Corporate insiders own 2.63% of the company’s stock.

Graco Company Profile

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.