PPG Industries, Inc. (NYSE:PPG) is scheduled to post its quarterly earnings results before the market opens on Thursday, July 20th. Analysts expect PPG Industries to post earnings of $1.84 per share for the quarter.
PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, April 20th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.03. PPG Industries had a return on equity of 26.75% and a net margin of 9.50%. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. On average, analysts expect PPG Industries to post $6.18 EPS for the current fiscal year and $6.87 EPS for the next fiscal year.
PPG Industries, Inc. (NYSE:PPG) opened at 112.96 on Tuesday. PPG Industries, Inc. has a 1-year low of $89.64 and a 1-year high of $113.49. The stock has a 50 day moving average price of $108.81 and a 200 day moving average price of $103.81. The firm has a market cap of $28.94 billion, a P/E ratio of 34.59 and a beta of 1.56.
PPG has been the subject of a number of recent research reports. TheStreet upgraded PPG Industries from a “c+” rating to a “b+” rating in a research report on Monday, May 22nd. Jefferies Group LLC restated a “buy” rating and issued a $120.00 target price on shares of PPG Industries in a research report on Thursday, July 6th. Argus upgraded PPG Industries from a “hold” rating to a “buy” rating and boosted their target price for the stock from $110.61 to $136.00 in a research report on Wednesday, July 5th. Barclays PLC boosted their price objective on PPG Industries from $110.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, April 24th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $110.00 price objective (up previously from $102.00) on shares of PPG Industries in a research report on Sunday, April 23rd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. PPG Industries currently has a consensus rating of “Buy” and a consensus target price of $114.85.
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About PPG Industries
PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.
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