W. R. Grace & Co (NYSE:GRA) Expected to Post Earnings of $0.69 Per Share

Brokerages expect W. R. Grace & Co (NYSE:GRA) to post earnings per share of $0.69 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for W. R. Grace & Co’s earnings. The highest EPS estimate is $0.71 and the lowest is $0.68. W. R. Grace & Co posted earnings per share of $0.93 during the same quarter last year, which indicates a negative year-over-year growth rate of 25.8%. The company is scheduled to report its next earnings report on Thursday, April 23rd.

On average, analysts expect that W. R. Grace & Co will report full-year earnings of $4.80 per share for the current financial year, with EPS estimates ranging from $4.75 to $4.85. For the next fiscal year, analysts anticipate that the business will report earnings of $5.21 per share, with EPS estimates ranging from $5.17 to $5.27. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for W. R. Grace & Co.

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

Several research firms have recently weighed in on GRA. ValuEngine raised W. R. Grace & Co from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Credit Suisse Group cut their target price on shares of W. R. Grace & Co from $86.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Goldman Sachs Group upgraded shares of W. R. Grace & Co from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Monday, November 18th. Loop Capital downgraded shares of W. R. Grace & Co from a “buy” rating to a “hold” rating and reduced their price target for the company from $89.00 to $69.00 in a research report on Thursday, February 6th. Finally, Zacks Investment Research cut shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $81.50.

Several large investors have recently added to or reduced their stakes in GRA. Quadrant Capital Group LLC purchased a new stake in shares of W. R. Grace & Co during the fourth quarter worth approximately $42,000. Chevy Chase Trust Holdings Inc. purchased a new position in W. R. Grace & Co in the 4th quarter valued at $43,000. Toronto Dominion Bank grew its position in W. R. Grace & Co by 75.8% in the 4th quarter. Toronto Dominion Bank now owns 2,900 shares of the specialty chemicals company’s stock valued at $202,000 after buying an additional 1,250 shares during the last quarter. US Bancorp DE grew its position in W. R. Grace & Co by 25.7% in the 4th quarter. US Bancorp DE now owns 3,019 shares of the specialty chemicals company’s stock valued at $210,000 after buying an additional 618 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in W. R. Grace & Co in the 3rd quarter valued at $277,000. 85.70% of the stock is currently owned by institutional investors and hedge funds.

GRA opened at $62.98 on Wednesday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. W. R. Grace & Co has a 52 week low of $60.35 and a 52 week high of $79.71. The business’s 50 day moving average is $67.85 and its two-hundred day moving average is $67.28. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 4.34.

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

About W. R. Grace & Co

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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