Equities research analysts expect PPG Industries, Inc. (NYSE:PPG) to report earnings of $1.19 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for PPG Industries’ earnings, with estimates ranging from $1.14 to $1.29. PPG Industries also posted earnings of $1.19 per share during the same quarter last year. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, January 18th.

On average, analysts expect that PPG Industries will report full year earnings of $5.88 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 company will post earnings of $6.56 per share, with EPS estimates ranging from $6.40 to $6.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow PPG Industries.

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

Several equities analysts have weighed in on PPG shares. Zacks Investment Research lowered PPG Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Credit Suisse Group set a $119.00 target price on PPG Industries and gave the company a “buy” rating in a research note on Friday, October 20th. Jefferies Group reissued a “buy” rating and issued a $120.00 target price on shares of PPG Industries in a research note on Thursday, October 19th. Bank of America set a $120.00 target price on PPG Industries and gave the company a “hold” rating in a research note on Friday, October 20th. Finally, Citigroup raised their price target on PPG Industries from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. PPG Industries currently has a consensus rating of “Hold” and a consensus target price of $121.56.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in PPG Industries by 1.3% in the 2nd quarter. Franklin Resources Inc. now owns 31,423 shares of the specialty chemicals company’s stock valued at $3,456,000 after buying an additional 390 shares during the last quarter. Teachers Advisors LLC raised its position in PPG Industries by 4.0% in the 2nd quarter. Teachers Advisors LLC now owns 331,043 shares of the specialty chemicals company’s stock valued at $36,401,000 after buying an additional 12,835 shares during the last quarter. Norinchukin Bank The raised its position in PPG Industries by 6.4% in the 2nd quarter. Norinchukin Bank The now owns 17,779 shares of the specialty chemicals company’s stock valued at $1,955,000 after buying an additional 1,072 shares during the last quarter. Amalgamated Bank raised its position in PPG Industries by 50.1% in the 2nd quarter. Amalgamated Bank now owns 30,126 shares of the specialty chemicals company’s stock valued at $3,313,000 after buying an additional 10,049 shares during the last quarter. Finally, BT Investment Management Ltd acquired a new stake in PPG Industries in the 2nd quarter valued at approximately $693,000. 74.99% of the stock is currently owned by institutional investors.

PPG Industries (NYSE PPG) opened at $118.17 on Friday. PPG Industries has a one year low of $94.62 and a one year high of $119.85. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $30,070.00, a PE ratio of 23.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.60.

PPG Industries announced that its board has approved a share buyback program on Thursday, December 14th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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

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