Graco (GGG) Expected to Announce Quarterly Earnings on Wednesday

Graco (NYSE:GGG) is expected to be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Graco to post earnings of $0.68 per share and revenue of $526.98 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Graco (NYSE:GGG) last released its quarterly earnings results on Monday, January 27th. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.13). Graco had a return on equity of 19.38% and a net margin of 23.00%. 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 $78.59 on Monday. The business’s fifty day moving average is $83.03 and its two-hundred day moving average is $84.88. The firm has a market cap of $13.21 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.85 and a beta of 0.92. Graco has a 52 week low of $72.06 and a 52 week high of $92.86.

Graco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, April 14th. This represents a $1.10 annualized dividend and a yield of 1.40%. Graco’s dividend payout ratio (DPR) is 39.01%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GGG. DA Davidson set a $85.00 target price on shares of Graco in a research report on Friday, January 31st. Royal Bank of Canada upped their price objective on Graco from $93.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Graco currently has an average rating of “Hold” and a consensus target price of $93.00.

About Graco

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.