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

June 21, 2018 - By Peter Erickson

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 0.98 in 2018 Q1. Its down 0.02, from 1 in 2017Q4. It dived, 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.
Central Bank & Trust And, a Kentucky-based fund reported 8,053 shares. Citadel Limited Co accumulated 440,287 shares. Rathbone Brothers Public Ltd Co owns 0.33% invested in PPG Industries, Inc. (NYSE:PPG) for 71,692 shares. Haverford Co holds 2,603 shares. Dearborn Limited Liability Corporation reported 5,426 shares or 0.05% of all its holdings. Gargoyle Investment Advisor Ltd reported 20,431 shares stake. Advisers Limited Liability Corporation reported 13,283 shares stake. 25 were reported by Plante Moran Financial Advsrs Ltd. Ameriprise Fincl Inc holds 767,613 shares. Moreover, Calamos Advisors Ltd has 0.03% invested in PPG Industries, Inc. (NYSE:PPG). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0.07% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Tiaa Cref Invest Mngmt Limited Liability Com holds 1.14 million shares. Burney Com accumulated 59,463 shares. Reaves W H Company stated it has 5,600 shares. Stratos Wealth Prns Limited owns 8,003 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 $473.72M giving it 13.83 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 0.97% or $1.01 during the last trading session, reaching $105.14. About 1.81 million shares traded or 4.29% up from the average. PPG Industries, Inc. (NYSE:PPG) has declined 3.28% since June 21, 2017 and is downtrending. It has underperformed by 15.85% the S&P500.

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

Among 15 analysts covering PPG Industries (NYSE:PPG), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. PPG Industries had 26 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Monday, April 23 by Susquehanna. The company was upgraded on Wednesday, April 25 by J.P. Morgan. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) on Thursday, March 15 with “Hold” rating. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) on Monday, April 23 with “Hold” rating. Seaport Global maintained the shares of PPG in report on Tuesday, January 23 with “Buy” rating. As per Friday, January 19, the company rating was maintained by SunTrust. The rating was maintained by Jefferies with “Buy” on Tuesday, January 2. The stock has “Buy” rating by Northcoast on Friday, January 19. The stock has “Hold” rating by Susquehanna on Monday, January 8. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Hold” rating by J.P. Morgan on Friday, January 19.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $26.21 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 16.72 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 Receives NYSE Notice Regarding Delayed Form 10-Q Filing” on May 22, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of Class Actions Involving Molina …” published on June 19, 2018, Streetinsider.com published: “PPG Industries (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: Businesswire.com and their article: “PPG Announces Leadership Appointments” published on June 12, 2018 as well as Businesswire.com‘s news article titled: “PPG Appoints Amy Ericson as Senior Vice President, Packaging Coatings” with publication date: June 19, 2018.

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

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