Sherwin-Williams (SHW) to Release Earnings on Thursday
Sherwin-Williams (NYSE:SHW) will be releasing its earnings data before the market opens on Thursday, January 25th. Analysts expect Sherwin-Williams to post earnings of $3.05 per share for the quarter. Sherwin-Williams has set its Q4 guidance at $2.95-3.25 EPS.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating the Zacks’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period in the prior year, the firm posted $4.23 EPS. The company’s quarterly revenue was up 37.4% on a year-over-year basis. On average, analysts expect Sherwin-Williams to post $15 EPS for the current fiscal year and $19 EPS for the next fiscal year.
Shares of Sherwin-Williams (SHW) opened at $426.94 on Thursday. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. Sherwin-Williams has a 12 month low of $280.14 and a 12 month high of $435.15. The company has a market cap of $39,920.00, a price-to-earnings ratio of 36.18, a PEG ratio of 1.98 and a beta of 1.22.
Several research analysts recently issued reports on SHW shares. Robert W. Baird reissued a “buy” rating and set a $475.00 target price on shares of Sherwin-Williams in a research note on Wednesday, January 10th. Northcoast Research reissued a “buy” rating and set a $435.00 target price (up from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th. Zacks Investment Research lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Moffett Nathanson started coverage on shares of Sherwin-Williams in a research note on Monday, December 4th. They set a “buy” rating on the stock. Finally, Vertical Research reissued a “hold” rating and set a $375.00 target price (up from $335.00) on shares of Sherwin-Williams in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $417.39.
TRADEMARK VIOLATION WARNING: “Sherwin-Williams (SHW) to Release Earnings on Thursday” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/18/sherwin-williams-shw-to-release-earnings-on-thursday.html.
Sherwin-Williams 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.
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.