Zacks Research Predicts Reduced Earnings for PPG Industries

PPG Industries, Inc. (NYSE:PPG) – Zacks Research decreased their Q1 2026 earnings per share estimates for PPG Industries in a report released on Monday, February 9th. Zacks Research analyst Team now expects that the specialty chemicals company will post earnings of $1.69 per share for the quarter, down from their prior estimate of $1.77. Zacks Research has a “Hold” rating on the stock. The consensus estimate for PPG Industries’ current full-year earnings is $7.95 per share. Zacks Research also issued estimates for PPG Industries’ Q2 2026 earnings at $2.25 EPS, Q3 2026 earnings at $2.24 EPS, Q4 2026 earnings at $1.77 EPS, FY2026 earnings at $7.95 EPS, Q1 2027 earnings at $1.81 EPS, Q2 2027 earnings at $2.64 EPS, Q3 2027 earnings at $2.23 EPS, Q4 2027 earnings at $1.94 EPS, FY2027 earnings at $8.62 EPS and FY2028 earnings at $9.41 EPS.

A number of other research firms have also commented on PPG. KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. Wells Fargo & Company lifted their price objective on PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Citigroup upped their target price on shares of PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Berenberg Bank dropped their price target on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. Finally, BNP Paribas Exane decreased their price objective on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $123.71.

PPG Industries Price Performance

Shares of PPG opened at $131.08 on Tuesday. PPG Industries has a twelve month low of $90.24 and a twelve month high of $131.21. The company has a market capitalization of $29.41 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.94 and a beta of 1.16. The firm has a 50 day moving average of $109.18 and a 200 day moving average of $106.06. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. PPG Industries’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PPG. CNB Bank lifted its holdings in PPG Industries by 1.8% in the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after purchasing an additional 80 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of PPG Industries by 2.7% in the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after buying an additional 87 shares in the last quarter. Whittier Trust Co. boosted its position in shares of PPG Industries by 1.4% during the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock worth $703,000 after acquiring an additional 89 shares during the last quarter. Applied Capital LLC FL grew its stake in PPG Industries by 1.5% during the fourth quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock valued at $656,000 after acquiring an additional 95 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in PPG Industries by 1.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,313 shares of the specialty chemicals company’s stock valued at $544,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

Insider Transactions at PPG Industries

In related news, CFO Vincent J. Morales sold 29,672 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the completion of the transaction, the chief financial officer directly owned 28,439 shares in the company, valued at approximately $3,554,875. The trade was a 51.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the sale, the vice president owned 8,477 shares in the company, valued at approximately $979,856.43. The trade was a 20.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 37,122 shares of company stock worth $4,541,078. Insiders own 0.33% of the company’s stock.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 2.2%. PPG Industries’s dividend payout ratio (DPR) is 40.92%.

PPG Industries News Summary

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $2.24 from $2.09 — a meaningful upward revision for that quarter, suggesting better-than-expected demand/timing in mid‑fiscal 2026. Article Title
• Positive Sentiment: Q2 2027 EPS was nudged up to $2.64 from $2.59, a small improvement to 2027 quarterly pacing. Article Title
• Positive Sentiment: Zacks published a FY2028 EPS projection of $9.41, indicating expectations for continued earnings growth beyond FY2027. This supports a longer‑term constructive view. Article Title
• Neutral Sentiment: Zacks kept a “Hold” rating on PPG and left the consensus FY2026 estimate at $7.95 (their FY2026 view was trimmed slightly), so no change to formal analyst sentiment despite the revisions. Article Title
• Negative Sentiment: Multiple near‑term cuts: Q1 2026 (1.77→1.69), Q2 2026 (2.26→2.25), Q4 2026 (1.93→1.77) and Q1 2027 (1.91→1.81) were lowered, and Zacks trimmed FY2026 (8.04→7.95) and FY2027 (8.78→8.62). These downgrades suggest modest near‑term softness and could pressure sentiment if broader macro or end‑market demand weakens. Article Title

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.