News stories about W. R. Grace & Co (NYSE:GRA) have trended positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. W. R. Grace & Co earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 46.0197495069357 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Jefferies Group Brokers Increase Earnings Estimates for W. R. Grace & Co (GRA) (americanbankingnews.com)
- Asbestos Suits Not Barred By Ch. 11 Plan, 3rd Circ. Told (law360.com)
- Libby Asbestos Superfund Advisory Team to Meet March 8 (flatheadbeacon.com)
- Judge says private insurer, not state, on hook for $43M in Libby asbestos claims (ktvh.com)
- FY2021 Earnings Forecast for W. R. Grace & Co Issued By Jefferies Group (GRA) (americanbankingnews.com)
GRA has been the topic of a number of analyst reports. Seaport Global Securities reaffirmed a “buy” rating and set a $82.00 price objective on shares of W. R. Grace & Co in a research note on Monday, February 12th. TheStreet cut shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Finally, Zacks Investment Research cut shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.60.
W. R. Grace & Co (NYSE:GRA) last announced its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. W. R. Grace & Co had a return on equity of 63.39% and a net margin of 0.65%. The firm had revenue of $459.50 million for the quarter, compared to analyst estimates of $453.84 million. During the same quarter last year, the firm posted $0.95 EPS. The business’s revenue was up 4.2% on a year-over-year basis. analysts expect that W. R. Grace & Co will post 3.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be given a dividend of $0.24 per share. This is a positive change from W. R. Grace & Co’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.43%. W. R. Grace & Co’s dividend payout ratio (DPR) is 42.48%.
In other W. R. Grace & Co news, VP Thomas E. Blaser bought 5,300 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $65.32 per share, for a total transaction of $346,196.00. Following the transaction, the vice president now directly owns 9,962 shares of the company’s stock, valued at approximately $650,717.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Elizabeth C. Brown bought 3,700 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were acquired at an average price of $67.17 per share, for a total transaction of $248,529.00. Following the transaction, the vice president now directly owns 4,898 shares in the company, valued at $328,998.66. The disclosure for this purchase can be found here. Insiders have bought a total of 34,000 shares of company stock worth $2,229,225 in the last quarter. Insiders own 1.30% of the company’s stock.
About W. R. Grace & Co
W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.
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