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

September 25, 2018 - By Jenna Rose

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 0.81 in Q2 2018. Its down 0.17, from 0.98 in 2018Q1. It is negative, 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.
Schwab Charles Investment Mgmt stated it has 0.08% in PPG Industries, Inc. (NYSE:PPG). Cliftonlarsonallen Wealth Advisors Llc stated it has 10,242 shares or 0.1% of all its holdings. Capital Advisers Ltd Llc stated it has 12,998 shares. San Francisco Sentry Invest Gru (Ca) reported 0.26% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Nomura Asset Management Co Ltd has 0.05% invested in PPG Industries, Inc. (NYSE:PPG) for 46,681 shares. S R Schill owns 5,098 shares. Sequoia Advisors Ltd invested in 0.03% or 2,797 shares. Bb&T Corp accumulated 31,591 shares. Moreover, Mufg Americas Holdings Corp has 0.06% invested in PPG Industries, Inc. (NYSE:PPG) for 17,343 shares. Lombard Odier Asset (Switzerland) accumulated 2,830 shares. 2,830 are held by Brown Advisory Secs. Hall Laurie J Trustee invested in 750 shares or 0.04% of the stock. Nj State Employees Deferred Compensation Plan holds 9,700 shares. State Of Tennessee Treasury Department has 59,982 shares. Wagner Bowman Corporation has invested 0.12% of its portfolio in PPG Industries, Inc. (NYSE:PPG).

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 17.72 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 2.84% or $3.29 during the last trading session, reaching $112.69. About 2.40M shares traded or 63.94% up from the average. PPG Industries, Inc. (NYSE:PPG) has risen 5.01% since September 25, 2017 and is uptrending. It has underperformed by 10.61% the S&P500.

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

Among 12 analysts covering PPG Industries (NYSE:PPG), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. PPG Industries had 16 analyst reports since March 27, 2018 according to SRatingsIntel. The firm has “Outperform” rating by Credit Suisse given on Friday, April 20. The firm has “Hold” rating given on Wednesday, May 16 by Jefferies. The rating was maintained by Credit Suisse on Friday, July 20 with “Outperform”. On Wednesday, July 25 the stock rating was upgraded by Goldman Sachs to “Buy”. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, April 25. The firm earned “Neutral” rating on Wednesday, July 11 by Citigroup. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Hold” rating by Susquehanna on Monday, April 23. The stock has “Neutral” rating by Citigroup on Tuesday, April 24. As per Wednesday, April 25, the company rating was upgraded by J.P. Morgan. JP Morgan maintained PPG Industries, Inc. (NYSE:PPG) on Friday, June 1 with “Overweight” rating.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $27.27 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 19.4 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: Business.Financialpost.com which released: “PPG Completes COLORFUL COMMUNITIES Project at Lucan Community Memorial Centre in Ontario” on September 17, 2018, also Businesswire.com with their article: “PPG Completes COLORFUL COMMUNITIES Project at Wadih Jorge Maluf School in Sumaré, Brazil” published on September 18, 2018, Seekingalpha.com published: “Out With Sherwin-Williams, In With PPG Industries” on August 30, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Businesswire.com and their article: “PPG Appoints Fayock as Assistant General Counsel and Corporate Secretary; Gette as Assistant General Counsel …” published on September 21, 2018 as well as Gurufocus.com‘s news article titled: “Wall Street Lower Monday” with publication date: September 24, 2018.

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

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