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

W.W. Grainger (NYSE:GWW) will likely be issuing its quarterly earnings data 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.Parties that are interested in participating in the company’s conference call can do so using this link.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.43 EPS. 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 Trading Down 0.2 %

GWW opened at $1,120.63 on Friday. The firm has a market cap of $54.57 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.88 and a beta of 1.18. W.W. Grainger has a 12 month low of $868.53 and a 12 month high of $1,227.66. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $1,126.79 and a 200 day moving average of $1,056.43.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were given a dividend of $2.05 per share. The ex-dividend date was Friday, November 8th. This represents a $8.20 annualized dividend and a dividend yield of 0.73%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.23%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GWW shares. Royal Bank of Canada boosted their target price on W.W. Grainger from $1,018.00 to $1,125.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Loop Capital increased their price objective on 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. UBS Group began coverage on W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,140.56.

Insiders Place Their Bets

In related news, VP Paige K. Robbins sold 9,577 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the completion of the transaction, the vice president now owns 4,379 shares in the company, valued at $4,895,021.36. This trade represents a 68.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Laurie R. Thomson sold 125 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total value of $150,753.75. Following the completion of the transaction, the vice president now owns 675 shares of the company’s stock, valued at $814,070.25. This trade represents a 15.63 % 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. Company insiders own 9.50% of the company’s stock.

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.