W. R. Grace & Co (NYSE:GRA) Posts Earnings Results, Beats Estimates By $0.02 EPS

W. R. Grace & Co (NYSE:GRA) issued its earnings results on Thursday. The specialty chemicals company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02, MarketWatch Earnings reports. W. R. Grace & Co had a net margin of 3.31% and a return on equity of 56.31%. The business had revenue of $418.70 million for the quarter, compared to the consensus estimate of $393.49 million. During the same quarter last year, the firm posted $1.16 EPS. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. W. R. Grace & Co updated its Q3 2020
Pre-Market guidance to EPS.

GRA stock traded down $1.30 during mid-day trading on Friday, hitting $46.13. 449,215 shares of the company were exchanged, compared to its average volume of 343,166. The company has a market capitalization of $3.05 billion, a PE ratio of 51.26 and a beta of 1.53. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 5.09. W. R. Grace & Co has a twelve month low of $26.75 and a twelve month high of $73.36. The firm has a fifty day simple moving average of $50.40 and a 200 day simple moving average of $51.70.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, August 19th. W. R. Grace & Co’s dividend payout ratio is currently 27.40%.

A number of equities analysts have recently commented on GRA shares. Robert W. Baird raised their target price on shares of W. R. Grace & Co from $45.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. ValuEngine raised shares of W. R. Grace & Co from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Zacks Investment Research raised shares of W. R. Grace & Co from a “sell” rating to a “hold” rating in a report on Wednesday, July 8th. UBS Group raised their price target on shares of W. R. Grace & Co from $58.00 to $68.00 and gave the company a “buy” rating in a report on Friday, June 19th. Finally, BMO Capital Markets lowered their price target on shares of W. R. Grace & Co from $84.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.50.

In related news, CEO Force Andrew Hudson La III acquired 5,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was bought at an average cost of $46.37 per share, with a total value of $231,850.00. Following the acquisition, the chief executive officer now directly owns 108,814 shares in the company, valued at $5,045,705.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Elizabeth C. Brown acquired 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $51.21 per share, with a total value of $102,420.00. Following the completion of the acquisition, the vice president now owns 20,378 shares in the company, valued at $1,043,557.38. The disclosure for this purchase can be found here. 0.90% of the stock is owned by company insiders.

W. R. Grace & Co Company Profile

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 for W. R. Grace & Co (NYSE:GRA)

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