Seaport Res Ptn Raises Q2 2023 EPS Estimates for Graco
May 4, 2023
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Recently, Seaport Res Ptn announced that their Investment analysts have increased their Q2 2023 earnings per share (EPS) estimates for Graco Inc ($NYSE:GGG). in a research note. Graco Inc. is a global leader in the design, manufacture and distribution of fluid handling and spray finishing systems, with customers in the industrial, commercial and automotive refinishing markets. Graco products are used in a broad range of industries including construction, mining, oil & gas and power generation. The company operates through three divisions: Contractor Equipment, Industrial Equipment and Specialty Coatings Equipment. Its Contractor Equipment division manufactures and distributes equipment used in residential and commercial construction, including airless paint sprayers, pressure washers, drywall taping tools and other related products.
The Industrial Equipment division manufactures and distributes equipment used in industrial, commercial and automotive refinishing markets, including plural component sprayers, robotic finishing systems and other related products. The Specialty Coatings Equipment division manufactures and distributes equipment used in aerospace, metalworking and other specialty markets, including airspray systems, powder coating systems and other related products. Graco’s commitment to innovation has resulted in numerous product advances that increase productivity and reduce costs for their customers. With a strong global presence and ongoing investments in research and development, Graco is well-positioned for continued growth and success in the years ahead.
Earnings
The latest earning report of Graco Inc for the first quarter of FY2023 as of March 31, 2023 has shown a remarkable growth for the company. The total revenue of the company has surpassed 529.65 million USD, which is an increase of 7.2% compared to the previous year. Moreover, the net income of the company has increased by an astounding 28.1%, reaching 129.17 million USD.
It is worth noting that in the last three years, the total revenue of GRACO INC has grown from 454.13 million USD to 529.65 million USD. This has prompted the Seaport Res Ptn to raise their Q2 2023 EPS estimates for Graco Inc. Thus, it seems that Graco Inc is in a strong position to continue with its positive growth trend in the upcoming quarters.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Graco Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.18k | 488.97 | 22.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Graco Inc. More…
| Operations | Investing | Financing |
| 436.9 | -193.22 | -228.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Graco Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.55k | 559.92 | 11.09 |
Key Ratios Snapshot
Some of the financial key ratios for Graco Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | 13.6% | 27.8% |
| FCF Margin | ROE | ROA |
| 11.2% | 19.7% | 14.9% |
Share Price
On Monday, GRACO INC stock opened at $79.6 and closed at $80.3, up by 1.2% from last closing price of 79.3. Analysts at Seaport Res Ptn maintain a strong outlook for GRACO INC in the coming quarters, which has further driven investors’ interest in the stock. Live Quote…
Analysis
GoodWhale’s analysis of GRACO INC reveals that it is a low risk investment from a financial and business perspective. Our Risk Rating tool indicates that there are no major risk factors associated with investing in GRACO INC. However, our Income Sheet Risk Warnings tool has detected one risk warning. To get a better understanding of this warning, we recommend registering on GoodWhale.com, where you can see the full details of our analysis of GRACO INC. We hope that this information will help you make an informed decision when it comes to investing. More…
Peers
The company’s products include pumps, valves, proportioners, injectors, and DispenseMate systems. Graco’s competitors include Nordson Corp, Manitou BF SA, and Crane Co.
– Nordson Corp ($NASDAQ:NDSN)
Nordson Corp is a market leader in providing technology-based solutions for industrial and consumer markets worldwide. The company has a market cap of 12.1B as of 2022 and a Return on Equity of 18.05%. Nordson provides a broad range of products and solutions for adhesives, coatings, sealants, and other materials processing applications. The company’s products are used in a variety of industries, including automotive, aerospace, electronics, medical devices, and consumer goods. Nordson has a strong global presence, with over 60 manufacturing facilities and sales and service offices in more than 30 countries.
– Manitou BF SA ($LTS:0NDA)
Manitou BF SA is a French company that manufactures and markets construction equipment. The company has a market cap of 769.05M as of 2022 and a Return on Equity of 7.65%. Manitou BF SA’s products include excavators, loaders, and backhoes. The company sells its products through a network of dealers and distributors in Europe, North America, South America, Asia, and Africa.
– Crane Co ($NYSE:CR)
Crane Co. is a global manufacturer of engineered industrial products. The Company operates in four segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics and Engineered Materials. Fluid Handling segment designs, manufactures and markets a broad range of engineered industrial products. Payment & Merchandising Technologies segment provides technology solutions for the self-service retail market. Aerospace & Electronics segment provides critical components and systems for the aerospace and defense industries, and Engineered Materials segment provides highly engineered products for energy markets and other industrial applications. Crane Co. was founded in 1855 and is headquartered in Stamford, Connecticut.
Summary
Investment analysts at Seaport Res Ptn have recently upgraded their forecast for Graco Inc‘s Q2 2023 earnings per share (EPS). This suggests a bullish outlook on the company’s financial performance in the coming quarter. Analysts expect Graco to achieve higher sales, cost savings and margin improvements. Furthermore, their analysis suggests that Graco is well positioned to benefit from the economic recovery, given its robust product portfolio and efficient supply chain.
It is also likely that the company’s ability to deliver superior value to investors will be further strengthened by the ongoing shift to digital capabilities, which should drive more profitability and growth. As a result, investors should keep an eye on Graco’s financial results and outlook, as it could provide a good opportunity for long-term growth.
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