$1.21 Earnings Per Share Expected for PPG Industries, Inc. (PPG) This Quarter
Wall Street brokerages expect PPG Industries, Inc. (NYSE:PPG) to announce earnings per share of $1.21 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for PPG Industries’ earnings, with the highest EPS estimate coming in at $1.29 and the lowest estimate coming in at $1.14. PPG Industries posted earnings of $1.19 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The firm is scheduled to issue its next earnings report on Thursday, January 18th.
On average, analysts expect that PPG Industries will report full-year earnings of $5.90 per share for the current fiscal year, with EPS estimates ranging from $5.84 to $5.99. For the next financial year, analysts anticipate that the business will post earnings of $6.59 per share, with EPS estimates ranging from $6.40 to $6.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow PPG Industries.
PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.52. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the firm posted $1.56 EPS. PPG Industries’s quarterly revenue was up 3.2% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. Bruderman Asset Management LLC acquired a new position in PPG Industries in the 2nd quarter valued at about $105,000. State of Alaska Department of Revenue acquired a new position in PPG Industries in the 2nd quarter valued at about $113,000. First Interstate Bank raised its stake in PPG Industries by 3.1% in the 2nd quarter. First Interstate Bank now owns 1,157 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 35 shares during the last quarter. Global X Management Co. LLC raised its stake in PPG Industries by 9.2% in the 2nd quarter. Global X Management Co. LLC now owns 1,288 shares of the specialty chemicals company’s stock valued at $142,000 after purchasing an additional 108 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in PPG Industries in the 2nd quarter valued at about $179,000. 75.09% of the stock is owned by institutional investors and hedge funds.
PPG Industries (NYSE:PPG) traded down $0.19 during trading hours on Friday, reaching $115.92. 781,329 shares of the company were exchanged, compared to its average volume of 1,160,918. PPG Industries has a 1 year low of $93.80 and a 1 year 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 stock has a market cap of $29,498.86, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.31 and a beta of 1.59.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 9th. PPG Industries’s dividend payout ratio (DPR) is presently 26.12%.
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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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