Sherwin-Williams (SHW) Scheduled to Post Quarterly Earnings on Thursday

Sherwin-Williams (NYSE:SHW – Get Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, January 26th. Analysts expect Sherwin-Williams to post earnings of $1.84 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Sherwin-Williams (NYSE:SHW – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The specialty chemicals company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.60 by $0.23. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.78 billion. Sherwin-Williams had a net margin of 8.94% and a return on equity of 90.50%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 earnings per share. On average, analysts expect Sherwin-Williams to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Sherwin-Williams Trading Up 1.3 %

NYSE:SHW opened at $249.36 on Wednesday. Sherwin-Williams has a 12-month low of $195.24 and a 12-month high of $299.99. The firm has a market cap of $64.62 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 1.93 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 0.59 and a debt-to-equity ratio of 3.69. The stock has a fifty day moving average price of $244.19 and a 200 day moving average price of $234.90.

Institutional Trading of Sherwin-Williams

A number of large investors have recently bought and sold shares of the business. Advisors Capital Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter worth $318,000. Captrust Financial Advisors lifted its stake in shares of Sherwin-Williams by 39.0% in the 3rd quarter. Captrust Financial Advisors now owns 21,692 shares of the specialty chemicals company’s stock worth $4,441,000 after acquiring an additional 6,089 shares during the period. Algert Global LLC acquired a new stake in shares of Sherwin-Williams in the 3rd quarter worth $513,000. First Trust Advisors LP lifted its stake in shares of Sherwin-Williams by 864.8% in the 3rd quarter. First Trust Advisors LP now owns 21,525 shares of the specialty chemicals company’s stock worth $4,407,000 after acquiring an additional 19,294 shares during the period. Finally, Dearborn Partners LLC lifted its stake in shares of Sherwin-Williams by 1.2% in the 3rd quarter. Dearborn Partners LLC now owns 145,203 shares of the specialty chemicals company’s stock worth $29,730,000 after acquiring an additional 1,707 shares during the period. Institutional investors and hedge funds own 76.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Credit Suisse Group lowered their price objective on Sherwin-Williams to $210.00 in a research report on Thursday, October 27th. BMO Capital Markets raised their price objective on shares of Sherwin-Williams from $244.00 to $251.00 and gave the company a “market perform” rating in a report on Thursday, October 27th. Citigroup boosted their target price on shares of Sherwin-Williams from $223.00 to $270.00 in a research note on Thursday, December 15th. Barclays raised their price target on Sherwin-Williams from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, October 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Sherwin-Williams from $275.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $266.22.

About Sherwin-Williams

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.