Sherwin-Williams (NYSE:SHW) Issues Q4 Earnings Guidance

Sherwin-Williams (NYSE:SHW) issued an update on its fourth quarter earnings guidance on Friday morning. The company provided EPS guidance of $1.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.68. The company issued revenue guidance of $4.76 billion, compared to the consensus revenue estimate of $4.76 billion.

Shares of SHW stock opened at $317.39 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 2.83. The stock has a market cap of $83.22 billion, a P/E ratio of 43.50, a price-to-earnings-growth ratio of 2.44 and a beta of 1.07. The stock has a 50 day simple moving average of $335.11 and a 200 day simple moving average of $308.56. Sherwin-Williams has a 1 year low of $218.06 and a 1 year high of $354.15.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Monday, October 25th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 10.00% and a return on equity of 75.00%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same period in the previous year, the business earned $2.76 earnings per share. The company’s revenue was up .5% on a year-over-year basis. Analysts forecast that Sherwin-Williams will post 8.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 3rd. Shareholders of record on Friday, November 19th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, November 18th. This represents a $2.20 annualized dividend and a yield of 0.69%. Sherwin-Williams’s dividend payout ratio is currently 30.15%.

Several research analysts have commented on SHW shares. Berenberg Bank boosted their price objective on shares of Sherwin-Williams from $278.00 to $310.00 and gave the company a hold rating in a research report on Friday, October 29th. Mizuho began coverage on shares of Sherwin-Williams in a research report on Tuesday, October 12th. They set a buy rating and a $352.00 price objective for the company. Bank of America downgraded shares of Sherwin-Williams from a buy rating to a neutral rating and set a $335.00 price target for the company. in a report on Wednesday, October 27th. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $327.00 to $350.00 and gave the stock an overweight rating in a report on Wednesday, October 27th. Finally, Robert W. Baird upped their price target on shares of Sherwin-Williams from $325.00 to $350.00 and gave the stock an outperform rating in a report on Wednesday, October 27th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of $357.73.

An institutional investor recently raised its position in Sherwin-Williams stock. Morgan Stanley raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 123.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,950,247 shares of the specialty chemicals company’s stock after acquiring an additional 1,629,745 shares during the quarter. Morgan Stanley owned about 1.12% of Sherwin-Williams worth $803,794,000 as of its most recent SEC filing. 76.52% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Company Profile

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

See Also: Dividend

Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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