Graco (NYSE:GGG – Get Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01, Briefing.com reports. The firm had revenue of $553.20 million for the quarter, compared to the consensus estimate of $562.27 million. Graco had a return on equity of 22.82% and a net margin of 23.16%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share.
Graco Stock Up 1.4 %
Graco stock traded up $1.16 during trading hours on Friday, reaching $84.95. 276,955 shares of the company’s stock were exchanged, compared to its average volume of 736,350. The firm’s 50 day simple moving average is $80.37 and its 200 day simple moving average is $85.40. Graco has a twelve month low of $69.78 and a twelve month high of $94.77. The firm has a market capitalization of $14.37 billion, a PE ratio of 29.06, a PEG ratio of 2.68 and a beta of 0.82.
Graco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 22nd will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.02 dividend on an annualized basis and a yield of 1.20%. Graco’s payout ratio is currently 35.17%.
Analysts Set New Price Targets
Read Our Latest Analysis on Graco
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.
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