Q3 2017 EPS Estimates for W.R. Grace & Co. (GRA) Raised by Analyst

W.R. Grace & Co. (NYSE:GRA) – Equities research analysts at Seaport Global Securities increased their Q3 2017 earnings per share (EPS) estimates for shares of W.R. Grace & Co. in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the firm will post earnings of $0.90 per share for the quarter, up from their prior estimate of $0.86. Seaport Global Securities has a “Buy” rating and a $79.00 price objective on the stock.

W.R. Grace & Co. (NYSE:GRA) last issued its earnings results on Wednesday, February 8th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $440.80 million for the quarter, compared to analyst estimates of $437.05 million. W.R. Grace & Co. had a net margin of 5.40% and a return on equity of 37.23%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS.

This story was originally posted by sleekmoney and is the property of of sleekmoney. If you are reading this story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this story can be read at http://sleekmoney.com/q3-2017-eps-estimates-for-w-r-grace-co-gra-raised-by-analyst/1660068.html.

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

Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC downgraded W.R. Grace & Co. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $80.00 to $70.00 in a research report on Wednesday, November 30th. Credit Suisse Group set a $82.00 target price on W.R. Grace & Co. and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Zacks Investment Research downgraded W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Robert W. Baird upgraded W.R. Grace & Co. from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $76.00 to $85.00 in a report on Tuesday, February 7th. Finally, Aegis assumed coverage on W.R. Grace & Co. in a report on Thursday, January 5th. They issued a “buy” rating and a $79.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. W.R. Grace & Co. currently has a consensus rating of “Buy” and an average target price of $81.30.

Shares of W.R. Grace & Co. (NYSE:GRA) opened at 71.74 on Monday. The firm’s 50 day moving average is $69.78 and its 200 day moving average is $71.06. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 56.62 and a beta of 1.15. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $80.56.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.21 per share. This is a boost from W.R. Grace & Co.’s previous quarterly dividend of $0.17. This represents a $0.84 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, February 27th. W.R. Grace & Co.’s dividend payout ratio is currently 55.28%.

This story was originally posted by sleekmoney and is the property of of sleekmoney. If you are reading this story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this story can be read at http://sleekmoney.com/q3-2017-eps-estimates-for-w-r-grace-co-gra-raised-by-analyst/1660068.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in W.R. Grace & Co. by 0.8% in the third quarter. Hsbc Holdings PLC now owns 10,151 shares of the company’s stock valued at $749,000 after buying an additional 79 shares in the last quarter. Profund Advisors LLC boosted its position in W.R. Grace & Co. by 1.4% in the third quarter. Profund Advisors LLC now owns 7,304 shares of the company’s stock valued at $539,000 after buying an additional 99 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in W.R. Grace & Co. by 2.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,113 shares of the company’s stock valued at $374,000 after buying an additional 139 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in W.R. Grace & Co. by 9.4% in the third quarter. Daiwa Securities Group Inc. now owns 1,750 shares of the company’s stock valued at $129,000 after buying an additional 150 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in W.R. Grace & Co. by 2.0% in the third quarter. CIBC Asset Management Inc now owns 8,157 shares of the company’s stock valued at $602,000 after buying an additional 160 shares in the last quarter. 80.59% of the stock is owned by institutional investors.

W.R. Grace & Co. Company Profile

W.R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.

5 Day Chart for NYSE:GRA

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/q3-2017-eps-estimates-for-w-r-grace-co-gra-raised-by-analyst/1660068.html

Receive News & Ratings for W.R. Grace & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.R. Grace & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *