PPG Industries, Inc. (PPG) EPS Estimated At $1.59

September 16, 2018 - By Jack Shaw

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 0.81 in 2018 Q2. Its down 0.17, from 0.98 in 2018Q1. It fall, as 56 investors sold PPG Industries, Inc. shares while 250 reduced holdings. 69 funds opened positions while 179 raised stakes. 181.01 million shares or 1.16% less from 183.14 million shares in 2018Q1 were reported.
Leisure Capital Mgmt stated it has 9,953 shares or 0.88% of all its holdings. Marathon Management has 0.08% invested in PPG Industries, Inc. (NYSE:PPG) for 2,000 shares. Hermes Inv Mngmt has invested 0.08% in PPG Industries, Inc. (NYSE:PPG). 116,870 were accumulated by Retirement System Of Alabama. The Rhode Island-based Washington Trust Comm has invested 0.02% in PPG Industries, Inc. (NYSE:PPG). Moneta Gru Invest Advisors Limited Liability Company has 6,926 shares for 0.04% of their portfolio. State Of Wisconsin Inv Board holds 322,370 shares. Oppenheimer And Incorporated invested 0.02% in PPG Industries, Inc. (NYSE:PPG). The Georgia-based Earnest Partners Ltd Liability Com has invested 0% in PPG Industries, Inc. (NYSE:PPG). Chevy Chase Trust invested 0.1% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Lombard Odier Asset Management (Europe) Limited has invested 0.02% in PPG Industries, Inc. (NYSE:PPG). Btg Pactual Asset Mgmt invested in 1.97% or 65,970 shares. Moreover, Saturna Cap has 1.33% invested in PPG Industries, Inc. (NYSE:PPG) for 401,685 shares. Parsec Financial reported 3,378 shares. Clifford Swan Inv Counsel Limited Liability Company holds 0.04% or 6,418 shares.

Analysts expect PPG Industries, Inc. (NYSE:PPG) to report $1.59 EPS on October, 18.They anticipate $0.07 EPS change or 4.61 % from last quarter’s $1.52 EPS. PPG’s profit would be $384.81M giving it 17.64 P/E if the $1.59 EPS is correct. After having $1.90 EPS previously, PPG Industries, Inc.’s analysts see -16.32 % EPS growth. The stock decreased 0.69% or $0.78 during the last trading session, reaching $112.17. About 1.32M shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 5.01% since September 16, 2017 and is uptrending. It has underperformed by 10.61% the S&P500.

PPG Industries, Inc. (NYSE:PPG) Ratings Coverage

Among 13 analysts covering PPG Industries (NYSE:PPG), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. PPG Industries had 17 analyst reports since March 20, 2018 according to SRatingsIntel. As per Wednesday, April 25, the company rating was upgraded by JP Morgan. Credit Suisse maintained the stock with “Outperform” rating in Friday, July 20 report. The firm has “Neutral” rating by Citigroup given on Tuesday, April 24. JP Morgan maintained it with “Overweight” rating and $113 target in Friday, June 1 report. As per Friday, April 20, the company rating was maintained by Robert W. Baird. On Wednesday, April 25 the stock rating was upgraded by J.P. Morgan to “Buy”. The rating was maintained by Seaport Global with “Hold” on Tuesday, April 17. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Wednesday, July 11 by Citigroup. On Friday, April 20 the stock rating was maintained by Credit Suisse with “Outperform”. Susquehanna maintained the stock with “Hold” rating in Monday, April 23 report.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $27.15 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 19.31 P/E ratio. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Businesswire.com which released: “PPG Scientist to Discuss Recent Advances in Automotive Battery Binders, Coatings During The Battery Show North …” on September 11, 2018, also Seekingalpha.com with their article: “Out With Sherwin-Williams, In With PPG Industries” published on August 30, 2018, Seekingalpha.com published: “PPG Industries: Ready To Run Now That Accounting Concerns Are In The Past” on August 25, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Businesswire.com and their article: “PPG Completes COLORFUL COMMUNITIES Project at Gymnasium #3 in Gryazi, Russia” published on September 10, 2018 as well as Bizjournals.com‘s news article titled: “PPG Foundation provides $555000 to Pittsburgh organizations” with publication date: August 22, 2018.

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

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