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
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.
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.
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