PPG Industries (NYSE:PPG) Issues FY 2026 Earnings Guidance

PPG Industries (NYSE:PPG) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 7.700-8.100 for the period, compared to the consensus EPS estimate of 7.890. The company issued revenue guidance of -.

PPG Industries Price Performance

PPG Industries stock traded down $7.11 during midday trading on Wednesday, reaching $111.90. 1,021,673 shares of the stock were exchanged, compared to its average volume of 2,094,408. The firm has a market cap of $24.94 billion, a PE ratio of 15.98, a PEG ratio of 1.74 and a beta of 1.05. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43. The company’s fifty day moving average is $116.43 and its 200-day moving average is $113.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts forecast that PPG Industries will post 7.93 EPS for the current year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be given a $0.74 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is presently 40.51%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PPG. Mizuho increased their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Citigroup increased their price objective on shares of PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. BNP Paribas Exane raised their price objective on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Finally, Wall Street Zen raised PPG Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $126.13.

Key Headlines Impacting PPG Industries

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Second-quarter sales increased 7% year over year to $4.495 billion, exceeding the roughly $4.37 billion analyst estimate. Adjusted EPS of $2.23 was also slightly above the year-ago figure of $2.22, indicating solid top-line momentum. PPG reports second quarter 2026 financial results
• Positive Sentiment: PPG maintained fiscal 2026 adjusted EPS guidance of $7.70 to $8.10. The midpoint of $7.90 is slightly above the approximately $7.89 consensus estimate, suggesting management remains broadly confident in the full-year outlook.
• Neutral Sentiment: Analysts are evaluating additional quarterly operating metrics against expectations and last year’s results. The overall report shows revenue growth but relatively stable adjusted earnings, leaving the outlook dependent on margin performance and execution in the second half. PPG Industries Q2 Earnings Key Metrics
• Negative Sentiment: Adjusted EPS of $2.23 missed estimates of $2.25-$2.26 by a few cents. Reported EPS was $1.96, down from $1.98 a year earlier, while net income fell 2% to $439 million. The modest earnings shortfall and profit decline could pressure the shares even though revenue exceeded expectations. PPG Industries Q2 Earnings Miss Estimates
• Negative Sentiment: MarketWatch reported that PPG underperformed its competitors in the referenced trading session, suggesting investors may be focusing more on the earnings miss and profitability concerns than on the sales beat. PPG Industries Stock Underperforms Competitors

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PPG. Bank of Montreal Can raised its position in PPG Industries by 254.9% in the fourth quarter. Bank of Montreal Can now owns 1,334,707 shares of the specialty chemicals company’s stock valued at $136,754,000 after purchasing an additional 958,580 shares during the period. State Street Corp boosted its holdings in PPG Industries by 4.6% in the 4th quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company’s stock worth $1,314,529,000 after acquiring an additional 565,523 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of PPG Industries by 15.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 3,946,145 shares of the specialty chemicals company’s stock valued at $414,779,000 after purchasing an additional 535,095 shares during the period. AQR Capital Management LLC lifted its position in shares of PPG Industries by 453.0% during the second quarter. AQR Capital Management LLC now owns 647,886 shares of the specialty chemicals company’s stock worth $73,632,000 after purchasing an additional 530,732 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of PPG Industries by 223.7% in the fourth quarter. Russell Investments Group Ltd. now owns 487,864 shares of the specialty chemicals company’s stock valued at $50,025,000 after purchasing an additional 337,144 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.