Graco Inc. (GGG - Free Report) recently unveiled the latest LineLazer V 200MMA 1:1 airless line striper. This addition marks the latest step in the company’s commitment to enhance striping contractors’ work efficiency.
The LineLazer V 200MMA 1:1 line striper offers a complete and affordable solution for wide range of MMA (methyl-methacrylate) applications. Notably, the latest version makes most use of the previous innovations of the LineLazer V products, which empowers it with fast and easy gun adjustments as well as automatic line production capability like skip lines. In addition, it offers real-time job performance data and enhanced bead application capability.
Going forward, broad-based market demand for its products and strategic investments will drive Graco’s revenues. As a matter of fact, the company expects the overall construction market to be favorable in 2019, which along with its strong new product launch lineup is likely to benefit the Contractor segment. Notably, Graco currently anticipates achieving mid-single digit organic revenue growth in the year.
In the past six months, the company’s shares have returned 0.6% against industry’s decline of 4.7%.
However, the company noted that increased tariff rates on raw materials sourced from foreign suppliers have been escalating its cost of revenues, of late. Escalating costs, if unchecked, will pull down its near-term margins.
Zacks Rank & Key Picks
Graco currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same space are DXP Enterprises, Inc. (DXPE - Free Report) , Tennant Company (TNC - Free Report) and Atlas Copco AB . While DXP Enterprises sports a Zacks Rank #1 (Strong Buy), Tennant and Atlas Copco carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DXP Enterprises surpassed estimates thrice in the trailing four quarters, the average positive earnings surprise being 46.55%.
Tennant exceeded estimates in each of the trailing four quarters, the average positive earnings surprise being 48.53%.
Atlas Copco delivered average positive earnings surprise 7.45% in the trailing four quarters.
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