Equities analysts expect Graco Inc. (NYSE:GGG) to post $0.49 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Graco’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.51. Graco posted earnings of $0.48 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2.1%. The business is expected to announce its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Graco will report full-year earnings of $2.01 per share for the current year, with EPS estimates ranging from $2.00 to $2.07. For the next year, analysts expect that the firm will post earnings of $2.17 per share, with EPS estimates ranging from $2.10 to $2.22. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Graco.
Graco (NYSE:GGG) last announced its quarterly earnings data on Monday, January 28th. The industrial products company reported $0.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $406.40 million for the quarter, compared to analyst estimates of $404.14 million. Graco had a net margin of 20.63% and a return on equity of 43.67%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS.
A number of equities analysts recently weighed in on the company. Oppenheimer reissued a “hold” rating on shares of Graco in a research note on Monday, October 29th. SunTrust Banks reiterated a “hold” rating and issued a $45.00 price objective on shares of Graco in a report on Monday, October 29th. Seaport Global Securities restated a “hold” rating on shares of Graco in a report on Wednesday, January 30th. Zacks Investment Research upgraded Graco from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Friday, October 26th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $46.00 price target on shares of Graco in a research report on Wednesday, January 30th. Eight investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $46.20.
In related news, VP Angela F. Wordell sold 2,500 shares of the stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $43.63, for a total value of $109,075.00. Following the transaction, the vice president now owns 10,802 shares of the company’s stock, valued at $471,291.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy R. White sold 4,800 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $43.77, for a total value of $210,096.00. Following the completion of the transaction, the insider now directly owns 48,889 shares in the company, valued at approximately $2,139,871.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,600 shares of company stock worth $1,309,195. 5.10% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of GGG. BB&T Corp increased its position in shares of Graco by 3.5% during the fourth quarter. BB&T Corp now owns 7,656 shares of the industrial products company’s stock valued at $321,000 after acquiring an additional 259 shares in the last quarter. Naples Global Advisors LLC lifted its stake in shares of Graco by 5.1% during the 4th quarter. Naples Global Advisors LLC now owns 5,865 shares of the industrial products company’s stock valued at $253,000 after buying an additional 285 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Graco by 6.6% during the 4th quarter. Stephens Inc. AR now owns 5,236 shares of the industrial products company’s stock valued at $219,000 after buying an additional 322 shares in the last quarter. Brinker Capital Inc. lifted its stake in Graco by 1.0% in the 4th quarter. Brinker Capital Inc. now owns 35,329 shares of the industrial products company’s stock worth $1,479,000 after purchasing an additional 358 shares in the last quarter. Finally, Cardinal Capital Management lifted its stake in Graco by 1.8% in the 4th quarter. Cardinal Capital Management now owns 22,744 shares of the industrial products company’s stock worth $951,000 after purchasing an additional 399 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
GGG traded up $0.30 on Friday, reaching $47.09. 205,416 shares of the company’s stock were exchanged, compared to its average volume of 643,069. The company has a market cap of $7.75 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.39 and a beta of 1.00. Graco has a twelve month low of $37.36 and a twelve month high of $48.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.47 and a current ratio of 2.41.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, April 12th. Graco’s dividend payout ratio is presently 34.04%.
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. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.
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