W.R. Grace & Co. (NYSE:GRA) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, GRA is expected to report 3Q20 income of $ 0.56 per share from revenue of $ 418.96 million.
For the full year, analysts anticipate top line of $ 1730.50 million, while looking forward to income of $ 2.71 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 409.34 million ~ $ 423.45 million
Full Year 2020 topline are forecasted in a range of$ 1,958.00 million ~ $ 2,017.00 million, where as bottomline are predicted in a range of $ 4.73 ~ $ 4.91 per share
Click Here For More Historical Outlooks Of W.R. Grace & Co.
Previous Quarter Performance
W.R. Grace & Co. came out with income for the second quarter of $ 0.49 per share, from the revenue of $ 418.70 million. The quarterly earnings declined 57.76 percent while revenues dropped 17.43 percent compared with the same quarter last year.
According to street consensus, GRA was expected to report 2Q20 income of $ 0.47 per share from revenue of $ 398.81 million. The bottom line results beat street analysts by $ 0.02 or 4.26 percent, at the same time, top line results outshined analysts by $ 19.89 million or 4.99 percent.
Stock Performance
Shares of W.R. Grace & Co. traded low $ -0.50 or -1.07 percent on Tuesday, reaching $ 46.30 with volume of 356.20 thousand shares. W.R. Grace & Co. has traded high as $ 46.46 and has cracked $ 44.94 on the downward trend
According to the previous trading day, closing price of $ 46.30, representing a 74.95 % increase from the 52 week low of $ 26.75 and a 36.21 % decrease over the 52 week high of $ 73.36.
The company has a market capital of $ 3.06 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by UBS Group at Buy rating, with $ 67.00 target price.
- On 22nd September 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 53.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.30 per share on July 30, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 20, 2020 and ex-dividend date on August 19, 2020.
Conference Call
W.R. Grace & Co. will be hosting a conference call at 9:00 AM eastern time on 28th 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.grace.com
W. R. Grace & Co.
