W.W. Grainger, Inc. (NYSE:GWW) industrial equipment wholesaler, is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 4.15 per share.
Looking ahead, the full year income are expected at $ 15.89 per share on the revenues of $ 11701.50 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 11,888.00 million ~ $ 12,233.00 million, where as bottomline are predicted in a range of $ 17.75 ~ $ 19.25 per share
Click Here For More Historical Outlooks Of W.W. Grainger, Inc.
Previous Quarter Performance
W.W. Grainger, Inc. recorded income for the second quarter of $ 3.75 per share, from the revenue of $ 2,837.00 million. The quarterly earnings declined 19.18 percent while revenues declined 1.94 percent compared with the same quarter last year.
The consensus estimates are income of $ 3.33 per share from $ 2707.81 million in revenue. The bottom line results beat street analysts by $ 0.42 or 12.61 percent, at the same time, top line results outshined analysts by $ 129.19 million or 4.77 percent.
Stock Performance
Shares of W.W. Grainger, Inc. traded low $ -2.78 or -0.74 percent on Wednesday, reaching $ 373.06 with volume of 170.70 thousand shares. The stock opened down for the day at $ 375.58, after closing the previous day trading at $ 375.84.
According to the previous trading day, closing price of $ 375.84, representing a 87.35 % increase from the 52 week low of $ 200.61 and a 4.25 % decrease over the 52 week high of $ 392.53.
The company has a market capital of $ 19.99 billion and is part of the Industrials sector and Industrial Distribution industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Jefferies Financial Group at Buy rating, with $ 450.00 target price.
- On 16th September 2020, initiated by UBS Group at Buy rating, with $ 416.00 target price.
- On 8th September 2020, upgraded by Raymond James to Outperform from Market Perform rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.53 per share on July 29, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 10, 2020 and ex-dividend date on August 7, 2020.
W.W. Grainger, Inc. distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally.
