|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||105.92 - 109.47|
|52 Week Range||100.45 - 122.07|
|PE Ratio (TTM)||17.48|
|Earnings Date||Jul 18, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||1.80 (1.65%)|
|1y Target Est||122.91|
LyondellBasell (LYB) is expected to report adjusted earnings per share of $2.74 in 1Q18, a whopping 37% increase on a year-over-year basis. In 1Q17, LYB reported adjusted earnings per share of $2.00. In 2017, LYB managed to beat analyst estimates twice, but also missed estimates twice. It remains to be seen whether LYB can change the trend in fiscal 2018.
LyondellBasell (LYB) is expected to report revenues of $9.4 billion in 1Q18, an increase of 11.0% on a year-over-year basis. In 1Q17, LYB reported revenues of $8.4 billion. LYB’s revenue has been on an upward trend since 1Q16 with the exception of 2Q17.
PPG today released its 2017 Corporate Sustainability Report, which details the company’s continued progress in strengthening its sustainable operations in 2017 and the launch of new, aggressive sustainability goals it aims to achieve by 2025.
For 1Q18, PPG Industries (PPG) reported revenue of $3.78 billion, an increase of 6.2% on a YoY (year-over-year) basis. On a continuing operation basis, PPG’s revenue grew 8.6%. In 1Q17, PPG Industries reported revenue of $3.48 billion on a continuing operation basis. Since 2013, PPG’s revenue has grown at a CAGR (compound annual growth rate) of 2.6%.
PPG Industries’ (PPG) Industrial Coatings segment is its second reporting segment. It represented 42.8% of the company’s total revenue in 1Q18, compared to 42.1% in 1Q17. The Industrial Coatings segment reported revenue of $1.62 billion in 1Q18, compared to $1.47 billion in 1Q17—an increase of 10.2% on a YoY (year-over-year) basis. The general industrial and specialty coatings business saw volume growth, while packaging coatings continued to grow as a result of the continued adoption of new technology.
Among the two reporting segments for PPG Industries (PPG), PPG’s Performance Coatings segment contributed the larger share of the company’s overall revenue in 1Q18. The Performance Coatings segment’s revenue growth mainly resulted from favorable foreign currency and better pricing. The architectural coatings business in the Americas and Asia-Pacific increased in low single-digit percentages year-over-year.
PPG Industries (PPG) announced its 1Q18 earnings before the market opened on April 19. The company reported adjusted EPS (earnings per share) of $1.39 in 1Q18, a rise of ~3.0% over its 4Q16 EPS on a reporting basis. In 4Q16, PPG Industries reported adjusted EPS of $1.35. On a continuing operation basis, the earnings represent growth of 4.5%. However, PPG’s earnings missed analysts’ estimate of $1.40 adjusted EPS.
Home Depot (HD) has expanded its partnership with PPG Industries to sell the latter's OLYMPIC brand stains at its 2,000 stores in the United States.
Sherwin-Williams (SHW) is set to announce its 1Q18 earnings on April 24, 2018, before the market opens. It will hold a conference call that day at 11:00 AM EST. In this series, we’ll look at SHW’s stock performance since its 4Q17 earnings and analysts’ revenue and EPS (earnings per share) estimates and recommendations.
Subheadline, fifth bullet should read: On-going cost management continued; selling, general and administrative costs declined by 140 basis points as a percentage of sales versus first quarter 2017 .
PPG (PPG) today held its annual meeting of shareholders in Pittsburgh, where chairman and chief executive officer Michael H. McGarry reviewed the company’s continued strategic progress and highlighted its strong financial performance. “PPG delivered a solid performance in 2017 and continued to strengthen our position as a global leader in the paint and coatings industry,” McGarry said. At the meeting, McGarry highlighted several strategic actions taken by PPG to make the company stronger and more resilient.
Industries Inc. said Thursday it has launched an investigation after receiving a report alleging violations of its accounting policies. PPG said Thursday it had started an “extensive review” of its cost structure after losing a customer.
Shares of paint maker PPG Industries Inc. slid 1.7% in early trade, after the company disclosed an accounting issue that it is now probing. PPG said as it was finalizing its first-quarter earnings, it received a report from its internal system regarding possible violations of its accounting policies.
The board of directors of PPG today declared a regular quarterly dividend of 45 cents per share, payable June 12 to shareholders of record May 10.
PPG (PPG) and THE HOME DEPOT® (HD) today announced an expanded partnership to offer PPG’s OLYMPIC® brand stains in its nearly 2,000 locations across the U.S. This exciting partnership combines the innovative woodcare performance of Olympic stains with the largest retailer of exterior stains, providing great selection and value to The Home Depot customers. Consumer-trusted stain products, including Olympic MAXIMUM®, Olympic ELITE™ and Olympic WATERGUARD® will become available at most of these Home Depot locations by the end of the second quarter 2018. In addition, PPG’s latest innovation, Olympic SmartGuard will soon be available at select U.S. Home Depot stores in time for the spring season.
On a per-share basis, the Pittsburgh-based company said it had net income of $1.40. Earnings, adjusted to account for discontinued operations, were $1.39 per share. The results missed Wall Street expectations. ...
The Dutch cabinet on Thursday proposed a law that would require any group wishing to try to take over a Netherlands-based telecommunications company to first seek government approval. The proposed "Law on Undesired Control of Telecommunications" would apply to telephone, internet, website hosting and data centre companies, the Cabinet said in a statement. The proposal echoes political determination to protect Dutch companies from foreign takeovers after a series of failed attempts in recent years, notably Dulux paint-maker Akzo Nobel's (AKZO.AS) rejection last year of a bid from U.S. rival PPG (PPG.N), which the government said was not in the national interest.
What Can PPG Industries Deliver in the First Quarter of 2018? As of March 29, 2018, the latest data showed that PPG Industries’ (PPG) short interest has increased since the beginning of 2018, indicating that bearish sentiment in the stock has increased. As of March 29, 2018, its short interest as a percentage of outstanding shares was 3.1%.
Analysts’ interest in PPG Industries (PPG) has increased over the past six months. Currently, 24 analysts are actively tracking the stock. About 50% of them are recommending a “buy,” 50% are recommending a “hold,” and none of them are recommending a “sell.”
PPG Industries’ (PPG) adjusted EPS (earnings per share) is projected to be $1.40 for 1Q18, reflecting a growth of 3.7% on a YoY (year-over-year) basis. In 1Q17, PPG’s adjusted EPS was $1.35.
PPG Industries (PPG) is expected to post revenues of $3.7 billion in 1Q18, an increase of 4.2% on a year-over-year basis. In 1Q17, it reported revenues of $3.6 billion. Its peers Sherwin-Williams (SHW) and Axalta (AXTA) are projected to grow 43% and 13.5%, respectively. RPM International (RPM) in its latest quarter reported a revenue increase of 7.8%.
In a press release on March 21, 2018, PPG Industries (PPG) said it would announce its 1Q18 earnings on April 19, 2018, before the market opens. There will be a teleconference at 2:00 PM EST that same day to discuss the results.