EPS for PPG Industries, Inc. (PPG) Expected At $1.90

June 15, 2018 - By Nellie Hooten

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 0.98 in 2018 Q1. Its down 0.02, from 1 in 2017Q4. It worsened, as 42 investors sold PPG Industries, Inc. shares while 246 reduced holdings. 66 funds opened positions while 215 raised stakes. 183.14 million shares or 1.72% less from 186.33 million shares in 2017Q4 were reported.
Evercore Wealth Mngmt Limited Liability Co invested 0.02% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Genesee Valley Tru accumulated 11,372 shares or 0.52% of the stock. Federated Inc Pa reported 0% stake. Texas Permanent School Fund owns 65,751 shares for 0.1% of their portfolio. Ballentine Ltd stated it has 0.01% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Wesbanco State Bank has invested 0.97% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Thomas White Limited, Illinois-based fund reported 15,212 shares. Barclays Public Limited Com holds 0.05% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 605,503 shares. Leisure Mngmt holds 14,064 shares. 6,516 are held by Cleararc Capital. Estabrook Capital Mgmt invested 0% in PPG Industries, Inc. (NYSE:PPG). Burney stated it has 59,463 shares or 0.41% of all its holdings. Cramer Rosenthal Mcglynn Ltd Liability reported 526,998 shares. Essex Financial Svcs owns 14,856 shares. Adirondack Co accumulated 280 shares.

Since February 22, 2018, it had 0 insider buys, and 1 sale for $1.10 million activity.

Analysts expect PPG Industries, Inc. (NYSE:PPG) to report $1.90 EPS on July, 19.They anticipate $0.07 EPS change or 3.83 % from last quarter’s $1.83 EPS. PPG’s profit would be $473.72 million giving it 13.68 P/E if the $1.90 EPS is correct. After having $1.39 EPS previously, PPG Industries, Inc.’s analysts see 36.69 % EPS growth. The stock increased 0.64% or $0.66 during the last trading session, reaching $103.96. About 2.07M shares traded or 24.54% up from the average. PPG Industries, Inc. (NYSE:PPG) has declined 3.28% since June 15, 2017 and is downtrending. It has underperformed by 15.85% the S&P500.

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

Among 16 analysts covering PPG Industries (NYSE:PPG), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. PPG Industries had 27 analyst reports since December 19, 2017 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Hold” on Monday, April 23. BMO Capital Markets initiated the stock with “Hold” rating in Tuesday, March 27 report. The stock has “Buy” rating by Robert W. Baird on Friday, April 20. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Wednesday, January 17 by Atlantic Securities. Seaport Global maintained PPG Industries, Inc. (NYSE:PPG) rating on Tuesday, April 17. Seaport Global has “Hold” rating and $12000 target. The firm has “Buy” rating given on Wednesday, April 25 by J.P. Morgan. The firm earned “Overweight” rating on Friday, June 1 by JP Morgan. Deutsche Bank upgraded the shares of PPG in report on Tuesday, March 20 to “Buy” rating. On Wednesday, January 17 the stock rating was maintained by RBC Capital Markets with “Hold”. On Tuesday, April 24 the stock rating was maintained by Citigroup with “Neutral”.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $25.92 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 16.53 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: “The Klein Law Firm Reminds Investors of a Class Action Commenced on Behalf of PPG Industries, Inc. Shareholders …” on June 13, 2018, also Businesswire.com with their article: “PPG to Enhance Distribution Capabilities for Architectural Paint, Coatings With New Facility in Flower Mound, Texas” published on June 05, 2018, Businesswire.com published: “PPG Receives NYSE Notice Regarding Delayed Form 10-Q Filing” on May 22, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Streetinsider.com and their article: “PPG Industries (PPG) Receives NYSE Notice Regarding Delayed Form 10-Q Filing” published on May 22, 2018 as well as Businesswire.com‘s news article titled: “PPG Announces Leadership Appointments” with publication date: June 12, 2018.

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

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