What is Zacks Research's Estimate for Graco FY2027 Earnings?

Key Points

• Zacks Research raised Graco’s FY2027 earnings estimate to $3.45 per share from $3.36, above the current consensus estimate of $3.26. It also projects $0.98 EPS for Q4 2027 and $3.90 EPS for FY2028.
• Analyst sentiment remains cautious, with Graco carrying a consensus “Hold” rating from MarketBeat and an average price target of $95; recent recommendations include two Buys and five Holds.
• Graco reported quarterly EPS of $0.91, beating estimates by $0.10, while revenue of $590.55 million fell short of expectations. The company also pays a quarterly dividend of $0.295, equivalent to a 1.4% annualized yield.

Graco Inc. (NYSE:GGG - Free Report) - Equities research analysts at Zacks Research raised their FY2027 earnings estimates for Graco in a research report issued on Wednesday, August 12th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $3.45 per share for the year, up from their prior estimate of $3.36. The consensus estimate for Graco's current full-year earnings is $3.26 per share. Zacks Research also issued estimates for Graco's Q4 2027 earnings at $0.98 EPS and FY2028 earnings at $3.90 EPS.

Several other analysts have also recently issued reports on GGG. DA Davidson restated a "neutral" rating and set a $85.00 price objective on shares of Graco in a research note on Monday, July 27th. Royal Bank Of Canada raised their price objective on Graco from $92.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Wolfe Research cut shares of Graco from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 9th. Weiss Ratings raised shares of Graco from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Finally, Robert W. Baird set a $94.00 target price on shares of Graco in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Graco has a consensus rating of "Hold" and an average target price of $95.00.

Graco Stock Performance

Shares of Graco stock opened at $82.23 on Friday. Graco has a 1 year low of $72.51 and a 1 year high of $95.69. The firm's 50-day simple moving average is $76.92 and its 200-day simple moving average is $82.22. The firm has a market cap of $13.32 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.53 and a beta of 0.92.

Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.10. The firm had revenue of $590.55 million for the quarter, compared to the consensus estimate of $608.06 million. Graco had a net margin of 23.53% and a return on equity of 19.54%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS.

Institutional Investors Weigh In On Graco

A number of large investors have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Graco in the first quarter valued at $26,000. Whipplewood Advisors LLC boosted its stake in shares of Graco by 2,650.0% during the 1st quarter. Whipplewood Advisors LLC now owns 330 shares of the industrial products company's stock valued at $28,000 after buying an additional 318 shares during the period. Essential Partners LLC raised its holdings in shares of Graco by 78.6% during the first quarter. Essential Partners LLC now owns 359 shares of the industrial products company's stock worth $30,000 after acquiring an additional 158 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Graco by 2,540.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 528 shares of the industrial products company's stock worth $40,000 after purchasing an additional 508 shares in the last quarter. Finally, Field & Main Bank acquired a new stake in shares of Graco during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 93.88% of the company's stock.

Graco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, July 20th were paid a $0.295 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $1.18 annualized dividend and a dividend yield of 1.4%. Graco's payout ratio is currently 37.11%.

Graco Company Profile

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco's solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company's product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source