Wall Street brokerages expect Sherwin-Williams Company (The) (NYSE:SHW) to announce $4.44 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Sherwin-Williams Company (The)’s earnings, with the lowest sales estimate coming in at $4.39 billion and the highest estimate coming in at $4.53 billion. Sherwin-Williams Company (The) reported sales of $3.28 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 35.4%. The business is expected to report its next earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that Sherwin-Williams Company (The) will report full-year sales of $4.44 billion for the current fiscal year, with estimates ranging from $14.59 billion to $14.89 billion. For the next fiscal year, analysts forecast that the company will post sales of $17.14 billion per share, with estimates ranging from $16.56 billion to $17.52 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Sherwin-Williams Company (The).

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $4.06 earnings per share.

Several equities research analysts have issued reports on the company. UBS AG restated a “neutral” rating and set a $341.00 price objective (up from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price for the company in a research report on Sunday, July 23rd. Citigroup Inc. restated a “buy” rating and set a $410.00 price objective on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. BidaskClub lowered Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) started coverage on Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $403.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $363.15.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams Company (The) by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after purchasing an additional 315,903 shares during the period. BlackRock Inc. grew its holdings in shares of Sherwin-Williams Company (The) by 3.9% in the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after acquiring an additional 204,766 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Sherwin-Williams Company (The) by 3.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock valued at $1,322,887,000 after acquiring an additional 136,991 shares in the last quarter. FMR LLC grew its holdings in shares of Sherwin-Williams Company (The) by 18.1% in the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after acquiring an additional 621,190 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Sherwin-Williams Company (The) by 1.0% in the 1st quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock valued at $1,188,731,000 after acquiring an additional 39,010 shares in the last quarter. 73.90% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Company (NYSE:SHW) opened at 344.55 on Friday. The stock’s 50 day moving average price is $338.51 and its 200-day moving average price is $332.85. The firm has a market capitalization of $31.99 billion, a P/E ratio of 28.40 and a beta of 1.22. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.99%. The ex-dividend date was Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is presently 28.05%.

About Sherwin-Williams Company (The)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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Earnings History and Estimates for Sherwin-Williams Company (The) (NYSE:SHW)

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