W.W. Grainger (GWW) Expected to Announce Earnings on Friday

W.W. Grainger (NYSE:GWW) is expected to post its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect W.W. Grainger to post earnings of $9.74 per share and revenue of $4.24 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 Stock Down 0.1 %

Shares of NYSE GWW opened at $1,131.17 on Wednesday. The company has a 50 day simple moving average of $1,124.04 and a 200-day simple moving average of $1,063.09. The company has a market capitalization of $55.09 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68. W.W. Grainger has a 1 year low of $874.98 and a 1 year high of $1,227.66.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GWW. Oppenheimer cut shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Northcoast Research began coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They set a “neutral” rating for the company. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Morgan Stanley increased their price objective on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. Finally, UBS Group started coverage on shares of W.W. Grainger in a research report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,140.56.

Insider Transactions at W.W. Grainger

In related news, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the sale, the vice president now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, CFO Deidra C. Merriwether sold 704 shares of W.W. Grainger stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total transaction of $778,335.36. Following the sale, the chief financial officer now owns 9,509 shares in the company, valued at $10,513,055.31. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,406 shares of company stock valued at $11,634,643. Insiders own 9.50% of the company’s stock.

About W.W. Grainger

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.