Sherwin-Williams Company (The) (SHW) Updates Q4 Earnings Guidance
Sherwin-Williams Company (The) (NYSE:SHW) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $2.95-3.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.99.
A number of research analysts recently issued reports on the stock. Credit Suisse Group upgraded shares of 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. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a strong-buy rating to a buy rating in a research report on Saturday, July 1st. Northcoast Research restated a buy rating and set a $435.00 target price (up from $375.00) on shares of Sherwin-Williams Company (The) in a research report on Friday, October 6th. Vertical Research restated a hold rating and set a $335.00 target price (up from $316.00) on shares of Sherwin-Williams Company (The) in a research report on Monday, June 26th. Finally, Zacks Investment Research downgraded shares of Sherwin-Williams Company (The) from a hold rating to a sell rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $392.49.
Shares of Sherwin-Williams Company (NYSE SHW) opened at 386.58 on Tuesday. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $390.60. The stock has a market cap of $35.89 billion, a PE ratio of 31.87 and a beta of 1.22. The stock’s 50 day moving average is $362.98 and its 200-day moving average is $345.43.
Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.97 by ($0.22). The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.23 EPS. On average, analysts predict that Sherwin-Williams Company will post $14.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.88%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.
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Sherwin-Williams Company (The) Company Profile
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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