Q3 Earnings Estimate for PPG Industries Issued By KeyCorp

PPG Industries, Inc. (NYSE:PPG) – KeyCorp issued their Q3 2026 earnings per share (EPS) estimates for PPG Industries in a research note issued on Thursday, September 10th. KeyCorp analyst S. Tiano anticipates that the specialty chemicals company will earn $2.11 per share for the quarter. The consensus estimate for PPG Industries’ current full-year earnings is $7.89 per share. KeyCorp also issued estimates for PPG Industries’ Q4 2026 earnings at $1.72 EPS, FY2027 earnings at $8.45 EPS and FY2028 earnings at $9.45 EPS.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the business posted $2.22 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS.

Several other equities analysts have also issued reports on the company. Citigroup cut their target price on PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. BMO Capital Markets lowered their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. UBS Group cut their price objective on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, Wall Street Zen cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $126.00.

PPG Industries Trading Down 2.1%

Shares of NYSE PPG opened at $104.89 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. The stock has a market capitalization of $23.32 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. PPG Industries has a 1-year low of $93.39 and a 1-year high of $133.43. The business has a fifty day moving average price of $114.72 and a 200 day moving average price of $112.40.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 annualized dividend and a yield of 2.8%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is presently 42.41%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PPG. Archford Capital Strategies LLC purchased a new stake in shares of PPG Industries during the second quarter valued at $208,000. Engineers Gate Manager LP acquired a new stake in PPG Industries during the 2nd quarter worth about $36,857,000. Cidel Asset Management Inc. grew its stake in PPG Industries by 10.2% during the 2nd quarter. Cidel Asset Management Inc. now owns 2,565 shares of the specialty chemicals company’s stock valued at $311,000 after purchasing an additional 237 shares during the last quarter. Community Bank N.A. acquired a new position in shares of PPG Industries in the second quarter valued at about $28,000. Finally, Baird Financial Group Inc. increased its holdings in shares of PPG Industries by 5.9% in the second quarter. Baird Financial Group Inc. now owns 103,156 shares of the specialty chemicals company’s stock valued at $12,512,000 after purchasing an additional 5,791 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG’s portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.