Analysts expect that W. R. Grace & Co (NYSE:GRA) will post $1.27 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for W. R. Grace & Co’s earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $1.27. W. R. Grace & Co posted earnings of $1.14 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 11.4%. The business is expected to issue its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that W. R. Grace & Co will report full-year earnings of $4.34 per share for the current fiscal year, with EPS estimates ranging from $4.33 to $4.35. For the next fiscal year, analysts forecast that the business will report earnings of $4.82 per share, with EPS estimates ranging from $4.70 to $5.00. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow W. R. Grace & Co.

W. R. Grace & Co (NYSE:GRA) last released its earnings results on Thursday, October 24th. The specialty chemicals company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.07. The business had revenue of $470.50 million for the quarter, compared to the consensus estimate of $487.44 million. W. R. Grace & Co had a net margin of 11.34% and a return on equity of 73.68%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share.

A number of research analysts recently commented on GRA shares. Goldman Sachs Group raised shares of W. R. Grace & Co from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Monday, November 18th. Credit Suisse Group lowered their price objective on shares of W. R. Grace & Co from $86.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Co started coverage on shares of W. R. Grace & Co in a research report on Tuesday, October 15th. They set a “market perform” rating and a $72.00 price objective on the stock. Monness Crespi & Hardt lowered their price objective on shares of W. R. Grace & Co from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Zacks Investment Research raised shares of W. R. Grace & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $84.30.

GRA traded down $0.51 on Friday, reaching $65.67. 16,284 shares of the company traded hands, compared to its average volume of 302,037. The stock’s 50 day moving average price is $67.17 and its 200-day moving average price is $69.58. W. R. Grace & Co has a 52-week low of $59.22 and a 52-week high of $79.71. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.27 and a beta of 0.95. The company has a debt-to-equity ratio of 4.34, a current ratio of 1.49 and a quick ratio of 1.01.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Wednesday, November 13th. W. R. Grace & Co’s dividend payout ratio (DPR) is presently 26.09%.

A number of hedge funds and other institutional investors have recently bought and sold shares of GRA. Nuveen Asset Management LLC acquired a new stake in W. R. Grace & Co in the second quarter valued at approximately $168,858,000. Diamond Hill Capital Management Inc. lifted its stake in W. R. Grace & Co by 624.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 604,650 shares of the specialty chemicals company’s stock valued at $40,366,000 after acquiring an additional 521,161 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in W. R. Grace & Co in the second quarter valued at approximately $19,746,000. Icon Advisers Inc. Co. acquired a new stake in W. R. Grace & Co in the second quarter valued at approximately $5,929,000. Finally, Putnam Investments LLC lifted its stake in W. R. Grace & Co by 6.0% in the second quarter. Putnam Investments LLC now owns 708,881 shares of the specialty chemicals company’s stock valued at $53,953,000 after acquiring an additional 40,153 shares during the last quarter. Hedge funds and other institutional investors own 85.30% of the company’s stock.

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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