$508.20 Million in Sales Expected for W. R. Grace & Co (NYSE:GRA) This Quarter

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Equities research analysts expect W. R. Grace & Co (NYSE:GRA) to report sales of $508.20 million for the current quarter, according to Zacks. Two analysts have provided estimates for W. R. Grace & Co’s earnings, with the highest sales estimate coming in at $509.60 million and the lowest estimate coming in at $506.80 million. W. R. Grace & Co posted sales of $520.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.3%. The firm is scheduled to report its next earnings report on Thursday, February 6th.

According to Zacks, analysts expect that W. R. Grace & Co will report full year sales of $1.96 billion for the current fiscal year. For the next financial year, analysts forecast that the business will report sales of $2.04 billion, with estimates ranging from $2.01 billion to $2.06 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for W. R. Grace & Co.

W. R. Grace & Co (NYSE:GRA) last released its earnings results on Thursday, October 24th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. The firm had revenue of $470.50 million for the quarter, compared to analysts’ expectations of $487.44 million. W. R. Grace & Co had a return on equity of 73.68% and a net margin of 11.34%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 earnings per share.

A number of analysts have weighed in on the stock. UBS Group cut their target price on shares of W. R. Grace & Co from $93.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. ValuEngine downgraded W. R. Grace & Co from a “sell” rating to a “strong sell” rating in a report on Thursday, November 28th. Credit Suisse Group reduced their price objective on W. R. Grace & Co from $86.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Co initiated coverage on W. R. Grace & Co in a research report on Tuesday, October 15th. They set a “market perform” rating and a $72.00 price objective on the stock. Finally, Loop Capital lowered their target price on W. R. Grace & Co from $92.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $84.30.

Shares of W. R. Grace & Co stock opened at $65.97 on Monday. The firm’s 50 day moving average is $67.16 and its 200 day moving average is $69.70. The firm has a market capitalization of $4.40 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95. W. R. Grace & Co has a 1 year low of $59.22 and a 1 year high of $79.71. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 4.34.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.64%. The ex-dividend date was Wednesday, November 13th. W. R. Grace & Co’s dividend payout ratio (DPR) is currently 26.09%.

Hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC acquired a new position in shares of W. R. Grace & Co during the second quarter worth $168,858,000. Putnam Investments LLC increased its holdings in W. R. Grace & Co by 6.0% in the second quarter. Putnam Investments LLC now owns 708,881 shares of the specialty chemicals company’s stock valued at $53,953,000 after purchasing an additional 40,153 shares during the period. Diamond Hill Capital Management Inc. raised its position in W. R. Grace & Co by 624.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 604,650 shares of the specialty chemicals company’s stock worth $40,366,000 after purchasing an additional 521,161 shares during the last quarter. Bank of New York Mellon Corp raised its position in W. R. Grace & Co by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 333,951 shares of the specialty chemicals company’s stock worth $25,418,000 after purchasing an additional 4,926 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in W. R. Grace & Co during the 2nd quarter worth $19,746,000. 85.30% of the stock is owned by hedge funds and other institutional investors.

W. R. Grace & Co Company Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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Earnings History and Estimates for W. R. Grace & Co (NYSE:GRA)

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