Graco (NYSE:GGG - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. Graco had a return on equity of 22.40% and a net margin of 23.16%. The firm had revenue of $553.20 million for the quarter, compared to analysts' expectations of $562.27 million. During the same quarter last year, the business earned $0.75 EPS. The company's quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts expect Graco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Graco stock opened at $86.40 on Wednesday. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.88 and a beta of 0.81. The company has a 50-day simple moving average of $83.27 and a two-hundred day simple moving average of $83.02. Graco has a twelve month low of $69.78 and a twelve month high of $94.77.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.18%. Graco's payout ratio is 35.17%.
Several equities analysts have commented on the stock. Robert W. Baird decreased their target price on shares of Graco from $87.00 to $86.00 and set a "neutral" rating on the stock in a report on Friday, July 26th. Royal Bank of Canada dropped their price objective on shares of Graco from $99.00 to $96.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Finally, DA Davidson reissued a "neutral" rating and set a $79.00 price target on shares of Graco in a research note on Friday, September 27th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $90.25.
View Our Latest Stock Report on GGG
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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