Graco (NYSE:GGG – Get Free Report) announced its earnings results on Wednesday. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01, Briefing.com reports. Graco had a net margin of 23.16% and a return on equity of 22.40%. The firm had revenue of $553.20 million for the quarter, compared to the consensus estimate of $562.27 million. During the same quarter last year, the firm posted $0.75 EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis.
Graco Price Performance
Graco stock opened at $84.43 on Friday. Graco has a one year low of $69.78 and a one year high of $94.77. The business has a 50 day simple moving average of $80.40 and a 200 day simple moving average of $85.41. The company has a market capitalization of $14.28 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.77 and a beta of 0.82.
Graco Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Monday, July 22nd will be issued a $0.255 dividend. The ex-dividend date is Monday, July 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.21%. Graco’s payout ratio is presently 35.17%.
Analyst Ratings Changes
View Our Latest Stock 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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