Sherwin-Williams (NYSE:SHW) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $3.11 per share for the quarter. Sherwin-Williams has set its FY18 guidance at $18.80-19.30 EPS.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($0.23). The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.15 earnings per share. On average, analysts expect Sherwin-Williams to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.
SHW stock opened at $387.91 on Tuesday. The stock has a market cap of $36,228.03, a price-to-earnings ratio of 27.18, a PEG ratio of 1.72 and a beta of 1.17. Sherwin-Williams has a one year low of $309.03 and a one year high of $435.15. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.
In related news, insider Peter J. Ippolito sold 750 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $409.26, for a total value of $306,945.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.78% of the stock is currently owned by corporate insiders.
Several analysts have commented on SHW shares. KeyCorp reissued an “overweight” rating and set a $465.00 price target (up from $440.00) on shares of Sherwin-Williams in a research report on Thursday, January 11th. Seaport Global Securities raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price target for the company in a research report on Wednesday, December 27th. Deutsche Bank started coverage on shares of Sherwin-Williams in a research report on Friday, December 22nd. They set a “hold” rating and a $420.00 price target for the company. Finally, Raymond James Financial started coverage on shares of Sherwin-Williams in a research report on Tuesday, December 19th. They set a “strong-buy” rating and a $496.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $435.33.
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Sherwin-Williams Company Profile
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, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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