W W Grainger Inc (GWW) reported quarterly earnings results on Monday, Apr-18-2016. The company said it had a profit of $3.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.34. Analysts had a consensus of $2.84. The company posted revenue of $2506.50 million in the period, compared to analysts expectations of $2495.12 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 EPS.
Many Wall Street Analysts have commented on W W Grainger Inc. W W Grainger Inc was Downgraded by Stifel to ” Hold” on Apr 1, 2016. W W Grainger Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016. Company shares were Reiterated by Stifel on Mar 8, 2016 to “Buy”, Firm has raised the Price Target to $ 251 from a previous price target of $238 .
W W Grainger Inc opened for trading at $234.87 and hit $235.89 on the upside on Friday, eventually ending the session at $235.05, with a gain of 0.25% or 0.58 points. The heightened volatility saw the trading volume jump to 7,26,160 shares. Company has a market cap of $14,509 M.
In a different news, on Mar 4, 2016, Laura D Brown (Sr. VP, Inv Rel & Comm) sold 242 shares at $219.00 per share price. According to the SEC, on Feb 23, 2016, William Lomax (Vice President and Controller) sold 3,069 shares at $221.69 per share price. On Dec 3, 2015, John L Howard (Sr. VP and General Counsel) sold 3,885 shares at $201.41 per share price, according to the Form-4 filing with the securities and exchange commission.
W.W. Grainger Inc. is a distributor of maintenance repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada with presence also in Europe Asia and Latin America. It operates in two segments: the United States and Canada. The United States business offers a selection of maintenance repair and operating supplies and other related products and services. Acklands – Grainger is a distributor of industrial and safety supplies that distributes tools fasteners safety supplies instruments welding and shop equipment among others. Other businesses include Zoro the single channel online business in the United States and operations in Europe Asia and Latin America. The Company provides customers with a range of options for finding and purchasing products utilizing sales representatives contact centers direct marketing materials catalogs and e-commerce.