Sherwin-Williams (SHW) to Release Quarterly Earnings on Thursday

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

Sherwin-Williams (NYSE:SHW – Get Rating) last issued its earnings results on Tuesday, October 25th. The specialty chemicals company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.23. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.78 billion. Sherwin-Williams had a return on equity of 90.50% and a net margin of 8.94%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company 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 Stock Performance

Shares of SHW opened at $249.36 on Wednesday. The firm has a market cap of $64.62 billion, a PE ratio of 33.74, a PEG ratio of 1.93 and a beta of 1.08. The stock’s fifty day moving average price is $244.19 and its two-hundred day moving average price is $234.90. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.00 and a quick ratio of 0.59. Sherwin-Williams has a 1 year low of $195.24 and a 1 year high of $299.99.

Hedge Funds Weigh In On Sherwin-Williams

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sherwin-Williams by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,240,241 shares of the specialty chemicals company’s stock worth $309,590,000 after purchasing an additional 27,057 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Sherwin-Williams by 6.6% in the 1st quarter. Invesco Ltd. now owns 1,089,844 shares of the specialty chemicals company’s stock worth $272,045,000 after purchasing an additional 67,327 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Sherwin-Williams by 1.9% in the 1st quarter. Wellington Management Group LLP now owns 687,521 shares of the specialty chemicals company’s stock valued at $171,619,000 after acquiring an additional 12,769 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Sherwin-Williams by 50.3% in the 2nd quarter. Macquarie Group Ltd. now owns 521,959 shares of the specialty chemicals company’s stock valued at $116,872,000 after acquiring an additional 174,635 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Sherwin-Williams by 775.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 509,706 shares of the specialty chemicals company’s stock valued at $127,233,000 after acquiring an additional 451,493 shares during the last quarter. 76.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Sherwin-Williams from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, January 9th. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, December 2nd. Robert W. Baird reduced their price target on Sherwin-Williams from $325.00 to $275.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. UBS Group lifted their price target on Sherwin-Williams from $242.00 to $255.00 and gave the company a “neutral” rating in a research report on Wednesday, January 11th. Finally, Citigroup lifted their price target on Sherwin-Williams from $223.00 to $270.00 in a research report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $266.22.

About Sherwin-Williams

(Get Rating)

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.