Sherwin-Williams (NYSE:SHW) Issues Q4 Earnings Guidance

Sherwin-Williams (NYSE:SHW) issued an update on its fourth quarter earnings guidance on Friday morning. The company provided EPS guidance of $1.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.68. The company issued revenue guidance of $4.76 billion, compared to the consensus revenue estimate of $4.76 billion.

NYSE:SHW opened at $308.46 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 2.83. The company has a 50-day moving average price of $334.90 and a 200-day moving average price of $308.81. The stock has a market cap of $80.88 billion, a price-to-earnings ratio of 42.27, a P/E/G ratio of 2.39 and a beta of 1.07. Sherwin-Williams has a 12 month low of $218.06 and a 12 month high of $354.15.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Monday, October 25th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.02. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.09 billion. Sherwin-Williams had a net margin of 10.00% and a return on equity of 75.00%. Sherwin-Williams’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $2.76 EPS. Equities analysts forecast that Sherwin-Williams will post 8.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 3rd. Investors of record on Friday, November 19th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, November 18th. This represents a $2.20 annualized dividend and a dividend yield of 0.71%. Sherwin-Williams’s payout ratio is 30.15%.

Several brokerages recently issued reports on SHW. UBS Group increased their price target on shares of Sherwin-Williams from $310.00 to $350.00 and gave the stock a neutral rating in a research note on Tuesday, January 4th. Berenberg Bank increased their price target on shares of Sherwin-Williams from $278.00 to $310.00 and gave the stock a hold rating in a research note on Friday, October 29th. Morgan Stanley raised their price objective on shares of Sherwin-Williams from $345.00 to $375.00 and gave the company an overweight rating in a research note on Tuesday. Loop Capital raised their price objective on shares of Sherwin-Williams from $320.00 to $355.00 and gave the company a buy rating in a research note on Wednesday, October 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sherwin-Williams from $320.00 to $355.00 and gave the company a buy rating in a research note on Wednesday, October 27th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $357.73.

A hedge fund recently raised its stake in Sherwin-Williams stock. Morgan Stanley increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 123.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,950,247 shares of the specialty chemicals company’s stock after buying an additional 1,629,745 shares during the quarter. Morgan Stanley owned 1.12% of Sherwin-Williams worth $803,794,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 76.52% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

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Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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