Graco (GGG) Set to Announce Earnings on Wednesday

Graco (NYSE:GGG) is scheduled to release its earnings data after the market closes on Wednesday, July 24th. Analysts expect Graco to post earnings of $0.77 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Graco (NYSE:GGG) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The company had revenue of $492.19 million during the quarter, compared to the consensus estimate of $536.19 million. Graco had a net margin of 23.15% and a return on equity of 23.01%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. On average, analysts expect Graco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Graco Stock Performance

Graco stock opened at $82.38 on Tuesday. Graco has a one year low of $69.78 and a one year high of $94.77. The company has a 50-day simple moving average of $80.44 and a 200-day simple moving average of $85.45. The firm has a market capitalization of $13.93 billion, a P/E ratio of 28.41, a P/E/G ratio of 2.70 and a beta of 0.82.

Graco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 22nd will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, July 22nd. Graco’s dividend payout ratio (DPR) is 35.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GGG shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $103.00 price target on shares of Graco in a report on Thursday, June 27th. Robert W. Baird cut their target price on Graco from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. StockNews.com cut Graco from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Finally, William Blair restated a “market perform” rating on shares of Graco in a research note on Friday, April 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Graco has an average rating of “Hold” and a consensus target price of $90.75.

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.