Seaport Global Securities Comments on W. R. Grace & Co’s Q1 2019 Earnings (GRA)

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W. R. Grace & Co (NYSE:GRA) – Analysts at Seaport Global Securities decreased their Q1 2019 earnings per share (EPS) estimates for shares of W. R. Grace & Co in a research report issued on Monday, April 15th. Seaport Global Securities analyst M. Harrison now forecasts that the specialty chemicals company will earn $0.89 per share for the quarter, down from their prior estimate of $0.92. Seaport Global Securities also issued estimates for W. R. Grace & Co’s Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $1.22 EPS, Q4 2019 earnings at $1.32 EPS, FY2019 earnings at $4.61 EPS, Q1 2020 earnings at $1.08 EPS, Q2 2020 earnings at $1.35 EPS, Q3 2020 earnings at $1.36 EPS and FY2020 earnings at $5.25 EPS.

Several other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Friday, January 18th. TheStreet upgraded shares of W. R. Grace & Co from a “c” rating to a “b” rating in a report on Friday, February 8th. Berenberg Bank started coverage on shares of W. R. Grace & Co in a report on Thursday, March 21st. They issued a “buy” rating and a $95.00 target price on the stock. ValuEngine upgraded shares of W. R. Grace & Co from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Finally, Loop Capital set a $89.00 target price on shares of W. R. Grace & Co and gave the stock a “buy” rating in a report on Friday, January 11th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $84.70.

Shares of NYSE GRA opened at $77.26 on Tuesday. W. R. Grace & Co has a fifty-two week low of $59.22 and a fifty-two week high of $78.93. The company has a market capitalization of $5.18 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.41 and a beta of 1.06. The company has a current ratio of 1.67, a quick ratio of 1.12 and a debt-to-equity ratio of 5.82.

W. R. Grace & Co (NYSE:GRA) last announced its quarterly earnings data on Thursday, February 7th. The specialty chemicals company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.11. W. R. Grace & Co had a net margin of 8.67% and a return on equity of 95.91%. The business had revenue of $520.00 million for the quarter, compared to analyst estimates of $498.24 million. During the same period in the prior year, the business posted $0.98 earnings per share. W. R. Grace & Co’s revenue was up 13.2% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 28th were given a dividend of $0.27 per share. This is an increase from W. R. Grace & Co’s previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, February 27th. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. W. R. Grace & Co’s dividend payout ratio is currently 26.09%.

Hedge funds have recently modified their holdings of the company. Paloma Partners Management Co bought a new position in W. R. Grace & Co in the third quarter valued at $523,000. Neuberger Berman Group LLC grew its position in W. R. Grace & Co by 7.4% in the third quarter. Neuberger Berman Group LLC now owns 1,189,940 shares of the specialty chemicals company’s stock valued at $85,033,000 after purchasing an additional 81,487 shares in the last quarter. Marshall Wace LLP grew its position in W. R. Grace & Co by 337.5% in the third quarter. Marshall Wace LLP now owns 66,029 shares of the specialty chemicals company’s stock valued at $4,718,000 after purchasing an additional 50,936 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in W. R. Grace & Co in the fourth quarter valued at $4,414,000. Finally, HL Financial Services LLC grew its position in W. R. Grace & Co by 9.1% in the fourth quarter. HL Financial Services LLC now owns 4,189 shares of the specialty chemicals company’s stock valued at $272,000 after purchasing an additional 350 shares in the last quarter. 89.77% of the stock is owned by institutional investors.

About W. R. Grace & Co

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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