|Bid||304.43 x 1100|
|Ask||459.00 x 1000|
|Day's Range||401.17 - 408.95|
|52 Week Range||362.36 - 479.64|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||20.57|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||3.44 (0.85%)|
|1y Target Est||467.27|
Sherwin-Williams (SHW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PPG Industries (PPG) announced its third-quarter earnings today before the market opened. PPG Industries reported adjusted EPS of $1.45, a decline of 4.6% on a year-over-year basis. However, PPG Industries managed to meet Wall Street expectations of $1.45 per share. Higher revenue growth and share repurchases helped PPG to meet Wall Street expectations.
CLEVELAND , Oct. 17, 2018 /PRNewswire/ -- The Board of Directors of The Sherwin-Williams Company (NYSE: SHW) today announced a regular quarterly dividend of $0.86 per common share, payable on December ...
The latest short interest data from September 28 show that PPG Industries’ (PPG) short interest has fallen. The lower short interest indicates short coverage in the stock. PPG Industries’ short interest fell for five consecutive weeks from the middle of July.
Wall Street analysts expect PPG Industries (PPG) to post revenues of $3.82 billion in its third-quarter earnings release. The estimates represent an increase of ~1.1% compared to the third quarter of 2017 when the company reported revenues of $3.78 billion. Sherwin-Williams (SHW) and Axalta Coating Systems (AXTA) are projected to increase 7.1% and 5.0%, respectively. RPM International (RPM) reported revenue growth of 7.8% in the third quarter.
In a press release on September 25, PPG Industries (PPG) said it would announce its third-quarter earnings on October 18 before the market opens. The earnings will be followed by a teleconference at 2:00 PM EST on October 18 to discuss the results.
On October 8, Axalta (AXTA) announced that it appointed an interim CEO. Terrence Hahn resigned as Axalta’s CEO. His resignation was a mutual agreement with the company’s board. There was an investigation into Hahn’s conduct. Axalta thought that his conduct didn’t comply with its policies. Axalta’s board appointed Robert Bryant, the company’s executive vice president and CFO, as the interim CEO.
In a preview of third-quarter earnings in the chemical and agriculture sector, Citigroup highlighted a pair trade in the sector. The sell-side firm recommended buying Mosaic Co (NYSE: MOS ) but moving ...
The Valspar Corp. claims a former employee took part in a theft scheme worth millions of dollars, but the paint maker and its parent, Sherwin-Williams Co., are demanding in a lawsuit that an insurance company cover the losses.
For the past nearly 10 years, the Federal Reserve and all the central banks in all the industrialized nations have been managing interest rates to keep them outrageously low until the financial system had a chance to right itself. Royal Dutch Shell (NYSE:RDS.A, NYSE:RDS.B) is one of the biggest players in the global energy markets.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
Previously, we discussed Sherwin-Williams’s (SHW) stock performance in 2018. In this part, we’ll compare Sherwin-Williams’s valuation with its peers. As of September 25, Sherwin-Williams’s one-year forward PE multiple was at 21.50x. PPG Industries (PPG) and RPM International (RPM) have one-year forward PE multiples of 16.4x and 20.10x, respectively.
Sherwin-Williams has made a strong comeback after being down in the negative territory. As of September 25, Sherwin-Williams has gained 12.6% year-to-date and has outperformed the broader market representative S&P 500 (SPY), which has gained 9.0%. PPG Industries (PPG) and Axalta (AXTA) have declined 4.5% and 8.7%, respectively, while RPM International (RPM) has gained 27.8%.
The SEC’s 13F filings by institutional investors on June 30 indicate that institutional investors own ~77.4% of Sherwin-Williams’s (SHW) outstanding shares. At the end of the second quarter, Sherwin-Williams had 94.88 million outstanding shares. Overall, 946 institutions held shares in Sherwin-Williams. Among the institutions, 392 institutions increased their position in Sherwin-Williams, 378 reduced their position, and 176 maintained their position.
The latest short interest report on September 15 indicated that Sherwin-Williams’s (SHW) short interest reached a one-month high. According to the latest report, the company’s short interest as a percentage of outstanding shares rose to 1.92% from 1.57% on a sequential basis. Sherwin-Williams’s strong second-quarter earnings and the upward revision to the fiscal 2018 adjusted EPS boosted the stock price.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.
Currently, there are 25 analysts covering Sherwin-Williams (SHW)—compared to 26 analysts during the second quarter. Among the 25 analysts, 64% of the analysts recommended a “buy,” 36% recommended a “hold,” and none of the analysts recommended a “sell.”
Higher debt means higher interest expense. Sherwin-Williams’s (SHW) interest expense has increased significantly due to borrowings for the Valspar acquisition. From 2013 to 2015, the company’s interest expense remained stable at ~$64 million.
In the previous part, we discussed Sherwin-Williams’s (SHW) debt position. In this part, we’ll discuss the company’s free cash flow and see if it’s strong enough to repay the debt. Sherwin-Williams has been generating strong free cash flows. Since 2012, Sherwin-Williams has generated an average free cash flow of ~$835 million per year. The company’s free cash flows have grown at a compound annual growth rate of 18.7%.
At the end of the second quarter, Sherwin-Williams’s (SHW) debt was at $10.37 billion—marginally lower compared to the debt at the end of 2017. The debt includes short-term debt, the current portion of long-term debt, and long-term debt. The company’s debt remained more or less range bound until 2016. In 2017, Sherwin-Williams’s debt rose more than five times due to issuing new debt to finance its Valspar acquisition.
CLEVELAND , Sept. 25, 2018 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) will issue a press release announcing its financial results for the third quarter ended September 30, 2018 prior to the ...
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia,Read More...