Equities research analysts forecast that Sherwin-Williams Co (NYSE:SHW) will report $3.94 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sherwin-Williams’ earnings, with estimates ranging from $3.89 billion to $3.96 billion. Sherwin-Williams reported sales of $2.78 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 41.7%. The business is expected to announce its next earnings results on Thursday, January 25th.

On average, analysts expect that Sherwin-Williams will report full-year sales of $3.94 billion for the current fiscal year, with estimates ranging from $14.90 billion to $15.00 billion. For the next year, analysts anticipate that the business will report sales of $17.64 billion per share, with estimates ranging from $17.37 billion to $18.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Sherwin-Williams.

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

A number of research analysts recently issued reports on SHW shares. Royal Bank of Canada restated a “buy” rating and set a $455.00 price objective on shares of Sherwin-Williams in a report on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and issued a $375.00 price target on shares of Sherwin-Williams in a report on Friday, September 1st. Morgan Stanley set a $425.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 4th. KeyCorp reiterated an “overweight” rating and issued a $440.00 price target (up previously from $415.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Finally, Longbow Research reiterated a “buy” rating and issued a $440.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $413.64.

In related news, insider Joel D. Baxter sold 2,376 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the transaction, the insider now owns 3,302 shares in the company, valued at $1,285,336.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Davisson sold 8,800 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the transaction, the insider now owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock valued at $5,969,846 in the last 90 days. 1.69% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in SHW. Vanguard Group Inc. raised its position in Sherwin-Williams by 5.0% during the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock worth $2,313,506,000 after acquiring an additional 315,903 shares in the last quarter. BlackRock Inc. raised its position in Sherwin-Williams by 3.9% during the second quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after acquiring an additional 204,766 shares in the last quarter. FMR LLC raised its position in Sherwin-Williams by 18.1% during the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after acquiring an additional 621,190 shares in the last quarter. Janus Henderson Group PLC raised its position in Sherwin-Williams by 27.6% during the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after acquiring an additional 288,492 shares in the last quarter. Finally, Fiera Capital Corp raised its position in Sherwin-Williams by 11.3% during the second quarter. Fiera Capital Corp now owns 1,282,221 shares of the specialty chemicals company’s stock worth $450,009,000 after acquiring an additional 130,002 shares in the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.

Shares of Sherwin-Williams (NYSE SHW) traded down $3.03 during midday trading on Friday, reaching $410.04. 362,196 shares of the company were exchanged, compared to its average volume of 438,919. The firm has a market capitalization of $38,627.79, a PE ratio of 36.06, a P/E/G ratio of 2.31 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. Sherwin-Williams has a 52-week low of $268.05 and a 52-week high of $415.75.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.83%. The ex-dividend date was Thursday, November 16th. Sherwin-Williams’s payout ratio is 29.90%.

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About Sherwin-Williams

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 (NYSE:SHW)

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