|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||104.36 - 107.20|
|52 Week Range||94.37 - 121.65|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||21.28|
|Earnings Date||Apr 17, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||1.92 (1.87%)|
|1y Target Est||113.20|
was pointed out by Jim Cramer last night during his Mad Money program on CNBC. The word "despite" is a word that technical analysts pay attention to as it is a signal that the market is forward looking - a key point of logic behind the discipline called technical analysis. In this daily bar chart of PPG, below, we can see that the price of PPG made a "double bottom" of sorts in October and December with lows around $94.
Trian, run by billionaire Nelson Peltz, asked PPG last October to replace its Chief Executive Michael McGarry with former CEO Chuck Bunch, look at how it uses its balance sheet, explore a break-up of the company, and eliminate the company's practice of re-electing only a portion of its board instead of its entirety every year. PPG unveiled financial targets for 2019 on Thursday and said it would explore separating its architectural from its industrial coatings, as well as destagger its board and remove super majority voting.
PPG Industries Inc. on Thursday said federal prosecutors are investigating accounting irregularities at the company, ratcheting up pressure on the paint giant that is also facing a push by an activist investor to break itself apart. PPG said U.S. attorneys are looking into the same improper accounting practices from 2017 into which the U.S. Securities and Exchange Commission opened a probe last June. Shares in PPG dropped about half a percentage point after executives disclosed the U.S. attorneys’ investigation, then recovered to close the day up 4.7%.
A strategic review examining whether to separate the architectural-paints unit from industrial coatings will be finished by the end of June, the Pittsburgh-based company said in a statement Thursday. Trian, which was co-founded by Nelson Peltz, in October disclosed a 2.9 percent stake in PPG and suggested that splitting up the paintmaker might improve performance. The New York-based investment firm also said CEO Michael McGarry should be replaced with predecessor Charles Bunch.
PPG Stock Is Up on Its Q4 Earnings BeatPPG Industries announces its fourth-quarter results PPG Industries (PPG) announced its fourth-quarter earnings results today before the market opened. It reported adjusted EPS of $1.15, a fall of ~3.4%
Ryan McQueeney recaps earnings results from industry bellwethers Morgan Stanley, Taiwan Semi, Fastenal, and PPG. Later, he previews the upcoming earnings report of video streaming giant Netflix.
PPG (NYSE:PPG) announced that a company review underway that could potentially lead to a split of PPG’s architectural and industrial coatings businesses is set for completion by the second quarter of 2019, according to a news release from the company. The review will take into account shareholder value linked to the combination or separation of the businesses, said the release. Mark Silvey, a PPG spokesman, said the company had nothing further to add beyond the release at this time.
posted stronger-than-expected fourth quarter earnings Thursday but guided for slower growth in 2019 citing a stronger U.S. dollar and increased economic uncertainty. "As we look ahead, while we remain confident we are well-positioned strategically and financially, we enter 2019 with more global economic uncertainty," said CEO Michael McGarry. "We are focused on delivering increased financial results and will be providing certain detailed information regarding our full year 2019 forecast and financial targets in a separate communication," he added.
The board of directors of PPG today declared a regular quarterly dividend of 48 cents per share, payable March 12 to shareholders of record February 22.
PPG Industries (PPG) expects cost inflation, unfavorable foreign currency translation and lower sales volume to impact performance in the first half of 2019.
Trade, the government shutdown and China weighed on market sentiment again Thurday morning. International stocks were mostly lower and U.S. stock-index futures were down.
PPG Chairman and CEO Michael McGarry said this year could bring slow growth for the company due to global economic concerns.
# PPG Industries Inc ### NYSE:PPG View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is low for PPG with fewer than 5% of shares on loan. 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. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $9.73 billion over the last one-month into ETFs that hold PPG are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. PPG credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. 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. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
PPG Industries: What to Expect from Its Q4 Earnings(Continued from Prior Part)Analysts’ consensus on PPG IndustriesSince PPG Industries’ (PPG) third-quarter earnings, the number of analysts tracking the company has increased from 22 analysts to
PPG Industries Inc. reported Thursday fourth-quarter net earnings that beat expectations, but warned that cost inflation, unfavorable currency moves and "modestly lower" sales volumes will hurt results for the first half of this year. The paint and coatings company said it was reviewing strategic initiatives to boost shareholder value, including the combination or separation of the architectural and industrial coatings businesses by the end of the second quarter. The stock was still inactive in premarket trade. For the latest quarter, net income rose to $258 million, or $1.08 a share, from $151 million, or 59 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.15, above the FactSet consensus of $1.10. Sales fell to $3.65 billion from $3.68 billion, but matched the FactSet consensus. Citing "more global uncertainty," PPG said it expects first-quarter EPS of $1.18 to $1.23. The FactSet EPS consensus for the first quarter is $1.42. The stock has gained 4.5% over the past three months, while the Dow Jones Industrial Average has lost 5.8%.
The Pittsburgh-based company said it had profit of $1.08 per share. Earnings, adjusted for one-time gains and costs, were $1.15 per share. The results exceeded Wall Street expectations. The average estimate ...
The operational and financial metrics are supported by PPG’s strategic initiatives to enhance shareholder value, and are expected to drive performance this year and beyond. The Board and management team are strongly aligned and accountable for shareholder value creation and are committed to achieving these targets.
PITTSBURGH-- -- Fourth quarter net sales of approximately $3.6 billion, up about 2 percent versus prior year in constant currencies Fourth quarter reported earnings per diluted share from continuing operations of $1.07 and adjusted earnings per diluted share from continuing operations of $1.15 Further progress made toward operating margin recovery on a year-over-year basis led by additional selling ...