Graco Inc. (NYSE:GGG) is reporting third quarter financial results on Wednesday 21st October 2020, after market close.
According to analysts surveyed by Thomson Reuters, GGG is expected to report 3Q20 income of $ 0.42 per share from revenue of $ 385.41 million.
For the full year, analysts anticipate top line of $ 1523.59 million, while looking forward to income of $ 1.60 per share bottom line.
Previous Quarter Performance
Graco Inc. came out with income for the second quarter of $ 0.37 per share, from the revenue of $ 366.89 million. The quarterly earnings dropped 26.00 percent while revenues reduced 17.53 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.26 per share from $ 325.04 million in revenue. The bottom line results beat street analysts by $ 0.11 or 42.31 percent, at the same time, top line results outshined analysts by $ 41.85 million or 12.88 percent.
Stock Performance
Shares of Graco Inc. traded up $ 0.45 or 0.70 percent on Tuesday, reaching $ 65.17 with volume of 356.90 thousand shares. Graco Inc. has traded high as $ 65.99 and has cracked $ 64.79 on the downward trend
The closing price of $ 65.17, representing a 68.41 % increase from the 52 week low of $ 38.43 and a 2.15 % decrease over the 52 week high of $ 66.14.
The company has a market capital of $ 10.86 billion and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
Graco Inc. will be hosting a conference call at 11:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.graco.com
Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The companys Industrial segment offers proportioning systems 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.
