W. R. Grace & Co (GRA) Releases Earnings Results, Beats Expectations By $0.03 EPS

W. R. Grace & Co (GRA) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.54. The company posted revenue of $362.80 million in the period, compared to analysts expectations of $396.00 million. The company’s revenue was down -8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

Many Wall Street Analysts have commented on W. R. Grace & Co. Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 79 from a previous price target of $75 .W. R. Grace & Co was Downgraded by Goldman to ” Neutral” on Mar 14, 2016.

W. R. Grace & Co opened for trading at $77.27 and hit $79 on the upside on Friday, eventually ending the session at $78.74, with a gain of 2.37% or 1.82 points. The heightened volatility saw the trading volume jump to 9,01,380 shares. Company has a market cap of $5,554 M.

In a different news, on Dec 16, 2015, Keith N Cole (VP, Govt. Relations and EHS) purchased 3,000 shares at $93.50 per share price. According to the SEC, on Aug 18, 2015, Force Andrew Hudson Iii La (Sr. VP and CFO) sold 17,000 shares at $103.72 per share price. On Apr 29, 2015, Mark A Shelnitz (VP, GC and Secretary) sold 42,000 shares at $97.04 per share price, according to the Form-4 filing with the securities and exchange commission.

W.R. Grace & Co. (Grace) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis. The Company operates in three segments: Grace Catalysts Technologies which includes catalysts and related products and refining petrochemical and other chemical manufacturing technologies; Grace Materials Technologies which includes packaging technologies and engineered materials and Grace Construction Products which includes specialty construction chemicals and specialty building materials. Its brands include Sylojet Syloid Shieldex Sylosiv Sylowhite Durafill Ludox Sylodent Syloblanc Daraclar Trisyl Perkasil Phonosorb Sylobead Cryosiv Safetysorb Poliedge Sylobloc Synthetech Davisil Vydac Modcol Spring Multipacker Reveleris Revealx Graceresolv Visionht Vydac Alltech Alltima Sodasorb Darex Daraform Daraseal Darablend Sincera Celox Apperta and Sistiaga.

W. R. Grace & Co

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