Zacks: Analysts Anticipate W. R. Grace & Co (NYSE:GRA) Will Post Earnings of $0.69 Per Share

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Equities research analysts expect W. R. Grace & Co (NYSE:GRA) to report $0.69 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for W. R. Grace & Co’s earnings, with estimates ranging from $0.68 to $0.71. W. R. Grace & Co posted earnings of $0.93 per share in the same quarter last year, which would suggest a negative year over year growth rate of 25.8%. The firm is expected to announce its next earnings report on Thursday, April 23rd.

According to Zacks, analysts expect that W. R. Grace & Co will report full year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.75 to $4.85. For the next financial year, analysts anticipate that the firm will report earnings of $5.21 per share, with EPS estimates ranging from $5.17 to $5.27. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover W. R. Grace & Co.

W. R. Grace & Co (NYSE:GRA) last issued its earnings results on Tuesday, February 4th. The specialty chemicals company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.04. The company had revenue of $504.50 million for the quarter, compared to analysts’ expectations of $503.74 million. W. R. Grace & Co had a net margin of 6.45% and a return on equity of 73.47%. W. R. Grace & Co’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS.

A number of analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of W. R. Grace & Co from $81.00 to $73.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Loop Capital lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating and cut their target price for the company from $89.00 to $69.00 in a research report on Thursday, February 6th. Zacks Investment Research lowered shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Monness Crespi & Hardt cut their target price on shares of W. R. Grace & Co from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, TheStreet lowered shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.50.

NYSE GRA opened at $62.98 on Wednesday. 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 has a market capitalization of $4.22 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.10 and a beta of 0.93. The firm’s 50 day simple moving average is $67.85 and its 200 day simple moving average is $67.28. W. R. Grace & Co has a 1 year low of $60.35 and a 1 year high of $79.71.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, February 25th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.20 dividend on an annualized basis and a yield of 1.91%. This is a positive change from W. R. Grace & Co’s previous quarterly dividend of $0.27. W. R. Grace & Co’s dividend payout ratio (DPR) is currently 24.66%.

Hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC bought a new position in shares of W. R. Grace & Co during the fourth quarter valued at $42,000. Chevy Chase Trust Holdings Inc. bought a new position in shares of W. R. Grace & Co during the fourth quarter valued at $43,000. Toronto Dominion Bank raised its stake in shares of W. R. Grace & Co by 75.8% during the fourth quarter. Toronto Dominion Bank now owns 2,900 shares of the specialty chemicals company’s stock valued at $202,000 after acquiring an additional 1,250 shares during the last quarter. US Bancorp DE raised its stake in shares of W. R. Grace & Co by 25.7% during the fourth quarter. US Bancorp DE now owns 3,019 shares of the specialty chemicals company’s stock valued at $210,000 after acquiring an additional 618 shares during the last quarter. Finally, Sciencast Management LP bought a new position in shares of W. R. Grace & Co during the third quarter valued at $277,000. 85.70% 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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