Sherwin-Williams Company (SHW) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Sherwin-Williams Company (NYSE:SHW) released its earnings data on Thursday. The company reported $2.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.93 by $0.01, Stock Ratings Network.com reports. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.01 billion.
A number of analysts have recently weighed in on SHW shares. Analysts at Wolfe Research downgraded shares of Sherwin-Williams Company from an “outperform” rating to a “market perform” rating in a research note on Monday. On the ratings front, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Wednesday, July 9th. They now have a $211.00 price target on the stock, up previously from $202.00. Finally, analysts at Susquehanna raised their price target on shares of Sherwin-Williams Company from $170.00 to $232.00 in a research note on Monday, June 9th. They now have a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $211.50.
Sherwin-Williams Company (NYSE:SHW) opened at 201.73 on Thursday. Sherwin-Williams Company has a 52 week low of $163.63 and a 52 week high of $208.63. The stock’s 50-day moving average is $204.0 and its 200-day moving average is $197.3. The company has a market cap of $19.938 billion and a P/E ratio of 27.66.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.09%.
The Sherwin-Williams Company (NYSE:SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.
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