Equities analysts expect that PPG Industries, Inc. (NYSE:PPG) will post $3.61 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for PPG Industries’ earnings, with estimates ranging from $3.58 billion to $3.67 billion. PPG Industries reported sales of $3.50 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The company is expected to issue its next earnings report on Thursday, January 18th.

According to Zacks, analysts expect that PPG Industries will report full year sales of $3.61 billion for the current year, with estimates ranging from $14.55 billion to $14.82 billion. For the next year, analysts forecast that the firm will report sales of $15.28 billion per share, with estimates ranging from $14.99 billion to $15.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow PPG Industries.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.52. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.75 billion. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 earnings per share.

PPG has been the topic of a number of research analyst reports. Credit Suisse Group set a $119.00 price objective on shares of PPG Industries and gave the company a “buy” rating in a research report on Friday, October 20th. Jefferies Group LLC restated a “buy” rating and set a $120.00 price objective on shares of PPG Industries in a research report on Thursday, October 19th. Citigroup Inc. increased their price objective on shares of PPG Industries from $112.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and issued a $115.00 price target on shares of PPG Industries in a research report on Friday, September 1st. Finally, KeyCorp reiterated a “buy” rating and issued a $125.00 price target on shares of PPG Industries in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. PPG Industries currently has a consensus rating of “Hold” and a consensus target price of $119.36.

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PPG Industries (NYSE PPG) opened at $115.27 on Friday. The firm has a market cap of $29,351.25, a P/E ratio of 19.58, a P/E/G ratio of 2.29 and a beta of 1.59. PPG Industries has a 52-week low of $93.80 and a 52-week high of $119.85. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 10th will be paid a $0.45 dividend. The ex-dividend date is Thursday, November 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.56%. PPG Industries’s dividend payout ratio (DPR) is presently 26.12%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Investment Partners Ltd. OH ADV increased its stake in shares of PPG Industries by 0.3% in the second quarter. Investment Partners Ltd. OH ADV now owns 2,485 shares of the specialty chemicals company’s stock worth $273,000 after purchasing an additional 7 shares in the last quarter. Sigma Planning Corp grew its stake in PPG Industries by 0.3% during the second quarter. Sigma Planning Corp now owns 4,069 shares of the specialty chemicals company’s stock valued at $447,000 after acquiring an additional 12 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC grew its stake in PPG Industries by 0.4% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 3,165 shares of the specialty chemicals company’s stock valued at $348,000 after acquiring an additional 12 shares in the last quarter. Balasa Dinverno & Foltz LLC grew its stake in PPG Industries by 1.6% during the second quarter. Balasa Dinverno & Foltz LLC now owns 2,027 shares of the specialty chemicals company’s stock valued at $223,000 after acquiring an additional 31 shares in the last quarter. Finally, First Interstate Bank grew its stake in PPG Industries by 3.1% during the second quarter. First Interstate Bank now owns 1,157 shares of the specialty chemicals company’s stock valued at $127,000 after acquiring an additional 35 shares in the last quarter. 73.52% of the stock is owned by hedge funds and other institutional investors.

About PPG Industries

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

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Earnings History and Estimates for PPG Industries (NYSE:PPG)

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