Company Update (NYSE:GWW): Grainger To Present At Upcoming Investor Conferences

[PR Newswire] – CHICAGO, April 18, 2016 /PRNewswire/ — Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating products serving businesses and institutions, today announced plans to … Read more on this. W.W. Grainger, Inc. (GWW) , with a current value of $14.19B, opened this morning at $235.00. Looking at the equity, the company’s one day range is $229.50 to $235.00 with a trailing 52-week range being $176.85 to $251.90. GWW shares are currently priced at 19.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.41x earnings multiple. And for dividend hunters, the company pays shareholders $4.68 per share annually in dividends, yielding 1.99%. According to a consensus of 21 analysts, the earnings estimate of $2.86 per share would be $0.24 worse than the year-ago quarter and a $0.09 sequential decrease. Investors should also note that the full-year EPS estimate of $11.77 is a $0.17 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.49 Billion. If realized, that would be a 2.05% increase over the year-ago quarter. Recently, Stifel downgraded GWW from Buy to Hold (Apr 1, 2016). Previously, Sterne Agee CRT Initiated GWW at to Buy. The average price target for GWW shares is $214.57, which is 8.69% below where the stock opened this morning. See more in (NYSE:GWW) Similar Articles: Company Update: W.W. Grainger Inc (NYSE:GWW) – Grainger Reports February 2016 Sales Results Company Update: W.W. Grainger Inc (NYSE:GWW) – Grainger Reports Results For Year Ended December 31, 2015 Company Update: W.W. Grainger Inc (NYSE:GWW) – Grainger Declares Quarterly Dividend
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