$1.59 EPS Expected for PPG Industries, Inc. (PPG)

September 25, 2018 - By Carolyn Hewitt

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 0.81 in 2018 Q2. Its down 0.17, from 0.98 in 2018Q1. It turned 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.
Enterprise Service Corp stated it has 1,548 shares or 0.08% of all its holdings. Moreover, Ogorek Anthony Joseph New York Adv has 0% invested in PPG Industries, Inc. (NYSE:PPG) for 18 shares. Mawer Invest Ltd accumulated 853,135 shares. Tokio Marine Asset Mngmt Ltd invested in 0.15% or 7,872 shares. Baldwin Investment Mgmt Ltd Liability invested 0.08% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Veritable Limited Partnership has 14,998 shares for 0.03% of their portfolio. Boston Lc, a Massachusetts-based fund reported 3,265 shares. Huntington Savings Bank holds 0.1% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 56,419 shares. Baystate Wealth Ltd Limited Liability Company has 1,045 shares for 0.02% of their portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.04% in PPG Industries, Inc. (NYSE:PPG). Raymond James Trust Na holds 0.13% or 18,487 shares in its portfolio. Bradley Foster & Sargent Ct reported 6,424 shares. Cetera Advisor Network Ltd Co invested 0.04% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Srb stated it has 0.06% in PPG Industries, Inc. (NYSE:PPG). Capital Research has 4.24 million shares for 0.12% of their portfolio.

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 stock has “Overweight” rating by JP Morgan on Friday, June 1. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Neutral” rating by Citigroup on Wednesday, July 11. The stock of PPG Industries, Inc. (NYSE:PPG) has “Hold” rating given on Wednesday, May 16 by Jefferies. On Friday, April 20 the stock rating was maintained by Credit Suisse with “Outperform”. JP Morgan upgraded PPG Industries, Inc. (NYSE:PPG) on Wednesday, April 25 to “Overweight” rating. The company was maintained on Friday, April 20 by Robert W. Baird. The rating was upgraded by J.P. Morgan on Wednesday, April 25 to “Buy”. The stock has “Hold” rating by BMO Capital Markets on Tuesday, March 27. The stock has “Buy” rating by Goldman Sachs on Wednesday, July 25. Susquehanna maintained it with “Hold” rating and $12000 target in Monday, April 23 report.

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: Businesswire.com which released: “PPG Completes COLORFUL COMMUNITIES Project at Wadih Jorge Maluf School in Sumaré, Brazil” on September 18, 2018, also Seekingalpha.com with their article: “Out With Sherwin-Williams, In With PPG Industries” published on August 30, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For September 24, 2018” on September 24, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Gurufocus.com and their article: “Wall Street Lower Monday” published on September 24, 2018 as well as Businesswire.com‘s news article titled: “PPG Appoints Fayock as Assistant General Counsel and Corporate Secretary; Gette as Assistant General Counsel …” with publication date: September 21, 2018.

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

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