PPG Industries (PPG) Set to Announce Quarterly Earnings on Thursday

PPG Industries (NYSE:PPG) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 18th. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

PPG Industries (NYSE:PPG) last released its earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.04. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. PPG Industries had a return on equity of 23.51% and a net margin of 6.96%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. On average, analysts expect PPG Industries to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

PPG Industries Price Performance

Shares of NYSE PPG opened at $135.02 on Tuesday. The stock has a market cap of $31.78 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.61 and a beta of 1.28. PPG Industries has a fifty-two week low of $120.32 and a fifty-two week high of $152.89. The stock has a fifty day moving average of $140.82 and a 200-day moving average of $138.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.05 and a current ratio of 1.47.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, February 15th. PPG Industries’s dividend payout ratio (DPR) is currently 48.69%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PPG shares. Barclays downgraded PPG Industries from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $163.00 to $149.00 in a report on Tuesday, February 27th. Wells Fargo & Company upgraded PPG Industries from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $163.00 in a research note on Thursday, April 11th. Royal Bank of Canada dropped their price objective on shares of PPG Industries from $158.00 to $156.00 and set a “sector perform” rating for the company in a report on Monday, January 22nd. Redburn Atlantic downgraded shares of PPG Industries from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a research note on Thursday, February 1st. Finally, UBS Group reissued a “neutral” rating and set a $156.00 price objective (down from $173.00) on shares of PPG Industries in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.40.

Insider Activity

In other PPG Industries news, CFO Vincent J. Morales sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $140.94, for a total value of $479,196.00. Following the completion of the transaction, the chief financial officer now owns 28,439 shares of the company’s stock, valued at approximately $4,008,192.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of PPG Industries

Several hedge funds and other institutional investors have recently made changes to their positions in PPG. Colony Group LLC grew its position in PPG Industries by 3.0% in the 2nd quarter. Colony Group LLC now owns 2,540 shares of the specialty chemicals company’s stock valued at $377,000 after buying an additional 74 shares in the last quarter. West Michigan Advisors LLC raised its position in shares of PPG Industries by 3.4% in the fourth quarter. West Michigan Advisors LLC now owns 2,262 shares of the specialty chemicals company’s stock valued at $338,000 after purchasing an additional 74 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of PPG Industries by 0.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,009 shares of the specialty chemicals company’s stock worth $1,510,000 after acquiring an additional 79 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in PPG Industries by 0.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,581 shares of the specialty chemicals company’s stock worth $1,569,000 after buying an additional 83 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of PPG Industries by 45.8% during the first quarter. Parkside Financial Bank & Trust now owns 277 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.