Graco (NYSE:GGG – Get Free Report) issued 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 company had revenue of $519.21 million for the quarter, compared to analyst estimates of $538.19 million. Graco had a return on equity of 22.40% and a net margin of 23.16%. 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 posted $0.76 EPS.
Graco Price Performance
Graco stock traded down $0.55 during midday trading on Thursday, hitting $82.35. 1,022,893 shares of the company were exchanged, compared to its average volume of 730,942. Graco has a fifty-two week low of $69.78 and a fifty-two week high of $94.77. The company’s fifty day moving average price is $83.88 and its 200-day moving average price is $82.79. The company has a market cap of $13.93 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.88 and a beta of 0.81.
Graco Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Monday, October 21st will be issued a dividend of $0.255 per share. The ex-dividend date is Monday, October 21st. This represents a $1.02 annualized dividend and a dividend yield of 1.24%. Graco’s payout ratio is currently 35.17%.
Wall Street Analysts Forecast Growth
About Graco
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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