Zacks: Brokerages Expect Sherwin-Williams Co (SHW) Will Post Earnings of $3.20 Per Share
Analysts expect that Sherwin-Williams Co (NYSE:SHW) will report earnings of $3.20 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Sherwin-Williams’ earnings, with the lowest EPS estimate coming in at $3.10 and the highest estimate coming in at $3.38. Sherwin-Williams posted earnings per share of $2.34 in the same quarter last year, which suggests a positive year over year growth rate of 36.8%. The firm is scheduled to report its next earnings results on Thursday, January 25th.
On average, analysts expect that Sherwin-Williams will report full year earnings of $15.04 per share for the current year, with EPS estimates ranging from $14.98 to $15.15. For the next fiscal year, analysts expect that the firm will post earnings of $18.41 per share, with EPS estimates ranging from $17.88 to $19.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Sherwin-Williams.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the company earned $4.23 earnings per share. The company’s quarterly revenue was up 37.4% compared to the same quarter last year.
A number of research analysts recently commented on SHW shares. Northcoast Research restated a “buy” rating and issued a $435.00 target price (up from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th. Moffett Nathanson started coverage on Sherwin-Williams in a research note on Monday, December 4th. They issued a “buy” rating for the company. Zacks Investment Research lowered Sherwin-Williams from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Vertical Research restated a “hold” rating and issued a $375.00 target price (up from $335.00) on shares of Sherwin-Williams in a research note on Wednesday, October 4th. Finally, Jefferies Group upped their target price on Sherwin-Williams from $364.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Sherwin-Williams has an average rating of “Hold” and an average target price of $402.32.
In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares in the company, valued at $1,285,336.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert J. Wells sold 2,946 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the sale, the senior vice president now owns 18,363 shares in the company, valued at $7,512,486.93. The disclosure for this sale can be found here. Insiders sold 15,122 shares of company stock worth $5,969,846 over the last quarter. Company insiders own 1.69% of the company’s stock.
A number of large investors have recently made changes to their positions in SHW. Vanguard Group Inc. grew its holdings in shares of Sherwin-Williams by 5.0% during the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock worth $2,313,506,000 after purchasing an additional 315,903 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Sherwin-Williams by 3.9% during the second quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after acquiring an additional 204,766 shares during the period. FMR LLC lifted its stake in shares of Sherwin-Williams by 18.1% during the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after acquiring an additional 621,190 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Sherwin-Williams by 27.6% during the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after acquiring an additional 288,492 shares during the period. Finally, Fiera Capital Corp lifted its stake in shares of Sherwin-Williams by 11.3% during the second quarter. Fiera Capital Corp now owns 1,282,221 shares of the specialty chemicals company’s stock valued at $450,009,000 after acquiring an additional 130,002 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.
Shares of Sherwin-Williams (SHW) traded up $2.38 during mid-day trading on Friday, hitting $408.85. The stock had a trading volume of 548,820 shares, compared to its average volume of 408,221. Sherwin-Williams has a one year low of $265.14 and a one year high of $413.98. The firm has a market capitalization of $38,233.20, a price-to-earnings ratio of 29.46, a PEG ratio of 2.28 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.90%.
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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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