PPG Industries (PPG) Set to Announce Earnings on Thursday
PPG Industries (NYSE:PPG) is scheduled to post its quarterly earnings results on Thursday, January 16th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
PPG Industries (NYSE:PPG) last announced its earnings results on Thursday, October 17th. The company reported $2.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.33 by $0.11. The company had revenue of $4.00 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the company posted $2.24 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, analysts expect PPG Industries to post $8.20 EPS for the current fiscal year and $9.47 EPS for the next fiscal year.
PPG Industries (NYSE:PPG) opened at 190.89 on Wednesday. PPG Industries has a 52-week low of $128.20 and a 52-week high of $191.54. The stock has a 50-day moving average of $186.3 and a 200-day moving average of $171.3. The company has a market cap of $27.111 billion and a P/E ratio of 8.71.
PPG has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of PPG Industries in a research note to investors on Friday, December 6th. They now have a $210.00 price target on the stock, up previously from $195.00. On the ratings front, analysts at RBC Capital raised their price target on shares of PPG Industries from $176.00 to $205.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of PPG Industries from $185.00 to $205.00 in a research note to investors on Tuesday, October 22nd. They now have a “positive” rating on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $179.83.
PPG Industries, Inc (NYSE:PPG) is a global supplier of protective and decorative coatings.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.