$1.22 EPS Expected for PPG Industries, Inc. (PPG) This Quarter

Analysts expect PPG Industries, Inc. (NYSE:PPG) to report $1.22 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for PPG Industries’ earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $1.18. PPG Industries reported earnings per share of $1.39 in the same quarter last year, which indicates a negative year over year growth rate of 12.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, April 18th.

On average, analysts expect that PPG Industries will report full-year earnings of $6.23 per share for the current fiscal year, with EPS estimates ranging from $6.11 to $6.45. For the next fiscal year, analysts expect that the business will report earnings of $6.86 per share, with EPS estimates ranging from $6.50 to $7.38. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow PPG Industries.

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PPG Industries (NYSE:PPG) last released its earnings results on Thursday, January 17th. The specialty chemicals company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. PPG Industries had a return on equity of 27.86% and a net margin of 8.84%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the business posted $1.19 EPS. PPG Industries’s quarterly revenue was down 1.0% compared to the same quarter last year.

A number of research analysts have commented on PPG shares. SunTrust Banks increased their target price on PPG Industries to $110.00 and gave the stock a “hold” rating in a report on Tuesday, January 22nd. Credit Suisse Group cut their price target on PPG Industries to $112.00 and set a “neutral” rating on the stock in a report on Friday, January 18th. BMO Capital Markets set a $112.00 price target on PPG Industries and gave the stock a “hold” rating in a report on Wednesday, January 23rd. Zacks Investment Research downgraded PPG Industries from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. Finally, Goldman Sachs Group raised PPG Industries from a “buy” rating to a “conviction-buy” rating in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $117.25.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Taylor Hoffman Wealth Management acquired a new stake in PPG Industries in the 4th quarter valued at approximately $27,000. Capital Financial Planning LLC acquired a new stake in PPG Industries in the 4th quarter valued at approximately $31,000. Ipswich Investment Management Co. Inc. acquired a new stake in PPG Industries in the 4th quarter valued at approximately $41,000. Quantamental Technologies LLC acquired a new stake in PPG Industries in the 4th quarter valued at approximately $45,000. Finally, First Mercantile Trust Co. increased its position in PPG Industries by 74.1% in the 4th quarter. First Mercantile Trust Co. now owns 470 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 200 shares during the period. 79.42% of the stock is currently owned by institutional investors and hedge funds.

NYSE:PPG traded up $1.85 during trading hours on Friday, reaching $109.11. 1,043,136 shares of the stock were exchanged, compared to its average volume of 1,366,350. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. PPG Industries has a 52 week low of $94.37 and a 52 week high of $118.62. The company has a market cap of $26.17 billion, a PE ratio of 18.43, a P/E/G ratio of 2.04 and a beta of 1.20.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Friday, February 22nd will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, February 21st. PPG Industries’s dividend payout ratio (DPR) is 32.43%.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States and internationally. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

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