Graco (NYSE:GGG – Get Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05), Briefing.com reports. The business had revenue of $519.21 million during the quarter, compared to analyst estimates of $538.19 million. Graco had a net margin of 23.16% and a return on equity of 22.40%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS.
Graco Stock Down 0.2 %
NYSE GGG traded down $0.20 during trading hours on Friday, hitting $82.14. 689,208 shares of the company were exchanged, compared to its average volume of 579,519. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.82 and a beta of 0.81. The company has a 50 day moving average of $83.93 and a two-hundred day moving average of $82.72. Graco has a 52-week low of $70.80 and a 52-week high of $94.77.
Graco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, October 21st. Graco’s payout ratio is currently 35.29%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Graco
Graco Company Profile
Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.
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