Brokerages predict that Sherwin-Williams Company (The) (NYSE:SHW) will post earnings of $3.20 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Sherwin-Williams Company (The)’s earnings. The lowest EPS estimate is $3.10 and the highest is $3.38. Sherwin-Williams Company (The) posted earnings of $2.34 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.8%. The business is expected to issue its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Sherwin-Williams Company (The) will report full-year earnings of $15.03 per share for the current year, with EPS estimates ranging from $14.98 to $15.15. For the next fiscal year, analysts anticipate that the company will post earnings of $18.41 per share, with EPS estimates ranging from $17.88 to $19.00. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Sherwin-Williams Company (The).

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.05. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter in the prior year, the company posted $4.23 EPS. The business’s revenue was up 37.4% on a year-over-year basis.

Several equities research analysts have recently weighed in on SHW shares. Royal Bank Of Canada reissued a “buy” rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, September 20th. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Robert W. Baird reissued a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams Company (The) in a research report on Friday, September 29th. UBS AG reissued a “neutral” rating and issued a $375.00 target price (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $395.62.

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Shares of Sherwin-Williams Company (NYSE:SHW) traded up $1.21 during mid-day trading on Friday, hitting $396.98. 239,579 shares of the stock were exchanged, compared to its average volume of 551,558. The company has a market cap of $36,667.74, a price-to-earnings ratio of 28.25 and a beta of 1.22.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams Company (The)’s payout ratio is 29.90%.

A number of institutional investors have recently bought and sold shares of SHW. Thrivent Financial For Lutherans boosted its stake in Sherwin-Williams Company (The) by 5.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 2,990 shares of the specialty chemicals company’s stock valued at $927,000 after purchasing an additional 160 shares during the period. Dimensional Fund Advisors LP boosted its stake in Sherwin-Williams Company (The) by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 185,858 shares of the specialty chemicals company’s stock valued at $57,651,000 after purchasing an additional 4,721 shares during the period. Advent International Corp MA acquired a new position in Sherwin-Williams Company (The) during the 1st quarter valued at about $2,623,000. Jana Partners LLC acquired a new stake in shares of Sherwin-Williams Company (The) in the 1st quarter worth approximately $203,163,000. Finally, Investment Centers of America Inc. lifted its stake in shares of Sherwin-Williams Company (The) by 3.0% in the 1st quarter. Investment Centers of America Inc. now owns 1,103 shares of the specialty chemicals company’s stock worth $343,000 after acquiring an additional 32 shares during the period. 73.88% of the stock is owned by hedge funds and other institutional investors.

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

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