Seaport Res Ptn Predicts Lower Earnings for PPG Industries

PPG Industries, Inc. (NYSE:PPG) – Equities research analysts at Seaport Res Ptn reduced their FY2025 earnings estimates for PPG Industries in a research note issued to investors on Monday, November 3rd. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will post earnings of $7.64 per share for the year, down from their prior forecast of $7.86. The consensus estimate for PPG Industries’ current full-year earnings is $7.95 per share. Seaport Res Ptn also issued estimates for PPG Industries’ Q4 2025 earnings at $1.57 EPS, FY2026 earnings at $8.01 EPS and FY2027 earnings at $8.71 EPS.

PPG has been the topic of a number of other reports. UBS Group lowered their price target on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Wells Fargo & Company lowered their target price on shares of PPG Industries from $132.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Bank of America dropped their target price on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Citigroup decreased their price target on PPG Industries from $124.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.30.

PPG Industries Trading Down 2.8%

Shares of PPG stock opened at $94.97 on Tuesday. The business’s fifty day moving average price is $105.31 and its 200 day moving average price is $109.07. The firm has a market capitalization of $21.31 billion, a PE ratio of 21.54, a P/E/G ratio of 2.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.47 and a quick ratio of 1.04. PPG Industries has a 1-year low of $90.24 and a 1-year high of $130.05.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.04. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.06 billion. PPG Industries had a net margin of 6.35% and a return on equity of 24.17%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 earnings per share. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS.

Institutional Investors Weigh In On PPG Industries

Several hedge funds have recently modified their holdings of the company. Cookson Peirce & Co. Inc. grew its holdings in shares of PPG Industries by 1.9% during the first quarter. Cookson Peirce & Co. Inc. now owns 4,862 shares of the specialty chemicals company’s stock worth $532,000 after buying an additional 89 shares in the last quarter. Summit Financial LLC boosted its position in PPG Industries by 1.3% during the first quarter. Summit Financial LLC now owns 7,246 shares of the specialty chemicals company’s stock worth $792,000 after acquiring an additional 90 shares during the last quarter. Lazard Asset Management LLC grew its stake in PPG Industries by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 97 shares during the period. Bell Investment Advisors Inc raised its holdings in PPG Industries by 40.9% in the 1st quarter. Bell Investment Advisors Inc now owns 355 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 103 shares during the last quarter. Finally, G&S Capital LLC lifted its stake in shares of PPG Industries by 1.9% during the 3rd quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock worth $591,000 after purchasing an additional 104 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 10th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.84 annualized dividend and a yield of 3.0%. PPG Industries’s payout ratio is presently 64.40%.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.