Analysts Expect PPG Industries, Inc. (PPG) Will Post Earnings of $1.21 Per Share
Brokerages expect that PPG Industries, Inc. (NYSE:PPG) will announce $1.21 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for PPG Industries’ earnings, with the lowest EPS estimate coming in at $1.18 and the highest estimate coming in at $1.28. PPG Industries posted earnings per share of $1.39 in the same quarter last year, which indicates a negative year over year growth rate of 12.9%. The firm is expected to report its next earnings results before the market opens on Thursday, April 18th.
On average, analysts expect that PPG Industries will report full year earnings of $6.22 per share for the current year, with EPS estimates ranging from $6.11 to $6.45. For the next fiscal year, analysts forecast that the firm will report earnings of $6.86 per share, with EPS estimates ranging from $6.50 to $7.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover PPG Industries.
PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Thursday, January 17th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.05. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.65 billion. PPG Industries had a return on equity of 28.47% and a net margin of 8.84%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.19 EPS.
A number of large investors have recently added to or reduced their stakes in the stock. Pinnacle Bank bought a new stake in PPG Industries in the 4th quarter worth approximately $66,000. Norges Bank bought a new stake in PPG Industries in the fourth quarter valued at approximately $36,143,000. Actinver Wealth Management Inc. bought a new stake in PPG Industries in the fourth quarter valued at approximately $265,000. Massmutual Trust Co. FSB ADV lifted its position in PPG Industries by 9.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,489 shares of the specialty chemicals company’s stock valued at $152,000 after purchasing an additional 133 shares during the last quarter. Finally, Peoples Bank OH lifted its position in PPG Industries by 12.8% in the fourth quarter. Peoples Bank OH now owns 3,173 shares of the specialty chemicals company’s stock valued at $324,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 79.72% of the company’s stock.
Shares of PPG opened at $111.72 on Tuesday. The stock has a market cap of $25.58 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.19. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 0.92. PPG Industries has a 12-month low of $94.37 and a 12-month high of $116.73.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Friday, February 22nd were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $1.92 dividend on an annualized basis and a yield of 1.72%. PPG Industries’s payout ratio 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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