Grainger Keeps 2017 View, Guides For 2018 At Analyst Meet
Zacks Investment Research | Nov 12, 2017 09:55PM ET
W.W. Grainger, Inc. (NYSE:GWW) , the leading broad line supplier of maintenance, repair and operating (MRO) products, has reaffirmed the sales and earnings guidance for 2017 and provided the same for 2018 at its analyst meeting. Continued focus on pricing actions, resetting of the Canadian business model and bright prospects in the company’s single-channel business are the key players behind this encouraging outlook.
Key Statistics
Grainger anticipates favorable sales and earnings per share trends in 2017. For the full year, the company reiterated its sales growth range of 1.5-2.5% and earnings per share outlook band of $10.40-$10.90. It also projects revenues of around $10.3 billion. Further, ROIC for the current year is anticipated to be around 23%.
For full-year 2018, Grainger forecasts sales growth in the range of 3-7% and earnings per share between $10.60 and $11.80.
Grainger also reiterated its long-term operating margin target range of 12-13% in 2019. The company’s top priority involves accelerating growth with large and medium customers in the United States.
W.W. Grainger, Inc. Price
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.