Graco (GGG) Projected to Post Quarterly Earnings on Monday

Graco (NYSE:GGG) will likely be announcing its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $552,190.00 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Graco (NYSE:GGG) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). Graco had a net margin of 22.87% and a return on equity of 21.24%. The firm had revenue of $519.21 million during the quarter, compared to the consensus estimate of $538.19 million. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts expect Graco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Graco Stock Down 0.5 %

Shares of Graco stock opened at $85.62 on Friday. The business’s 50 day moving average is $86.55 and its 200-day moving average is $84.57. The stock has a market cap of $14.46 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.81 and a beta of 0.84. Graco has a 12-month low of $77.49 and a 12-month high of $94.77.

Graco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Monday, January 20th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from Graco’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a dividend yield of 1.28%. Graco’s dividend payout ratio (DPR) is currently 38.87%.

Insider Activity

In related news, insider David J. Thompson sold 3,216 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $88.31, for a total transaction of $284,004.96. Following the completion of the transaction, the insider now directly owns 27,246 shares in the company, valued at approximately $2,406,094.26. The trade was a 10.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Caroline M. Chambers sold 8,280 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $90.57, for a total value of $749,919.60. Following the completion of the transaction, the insider now directly owns 57,612 shares in the company, valued at approximately $5,217,918.84. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,098 shares of company stock valued at $2,776,150. Company insiders own 2.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GGG. Robert W. Baird dropped their price objective on shares of Graco from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, October 25th. BNP Paribas upgraded Graco from a “neutral” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their target price on Graco from $93.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Graco has a consensus rating of “Hold” and a consensus price target of $91.50.

Graco Company Profile

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.