Sherwin-Williams Company (The) (SHW) Releases Q3 Earnings Guidance
Sherwin-Williams Company (The) (NYSE:SHW) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.10-4.20 for the period, compared to the Thomson Reuters consensus estimate of $4.67.
Sherwin-Williams Company (NYSE SHW) opened at 374.37 on Wednesday. The firm has a 50-day moving average of $343.79 and a 200-day moving average of $337.98. The firm has a market capitalization of $34.76 billion, a price-to-earnings ratio of 30.86 and a beta of 1.22. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $377.24.
Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.54 by ($0.02). The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $4.06 EPS. On average, analysts expect that Sherwin-Williams Company will post $14.77 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 28.05%.
A number of brokerages recently issued reports on SHW. Robert W. Baird restated a buy rating and set a $375.00 price objective on shares of Sherwin-Williams Company (The) in a research report on Friday, September 1st. Citigroup Inc. reaffirmed a buy rating and set a $410.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. Royal Bank Of Canada reiterated a buy rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, September 20th. BidaskClub lowered shares of Sherwin-Williams Company (The) from a hold rating to a sell rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Sherwin-Williams Company (The) in a report on Thursday, June 8th. They issued a buy rating and a $403.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $368.75.
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Sherwin-Williams Company (The) Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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