Sherwin-Williams Company (The) (NYSE:SHW) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $4.80-5.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.86. Sherwin-Williams Company (The) also updated its FY17 guidance to $14.80-15.20 EPS.
Shares of Sherwin-Williams Company (NYSE:SHW) traded up 0.52% on Wednesday, hitting $333.43. The company had a trading volume of 557,083 shares. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $362.57. The company has a market capitalization of $30.96 billion, a P/E ratio of 27.49 and a beta of 1.23. The firm has a 50-day moving average price of $346.90 and a 200 day moving average price of $329.42.
Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing analysts’ consensus estimates of $4.54 by $0.02. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company posted $4.06 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts expect that Sherwin-Williams Company will post $15.00 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.
Several brokerages have recently commented on SHW. BidaskClub downgraded Sherwin-Williams Company (The) from a hold rating to a sell rating in a research note on Tuesday, August 1st. UBS AG reissued a neutral rating and issued a $375.00 price objective (up from $359.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 26th. J P Morgan Chase & Co began coverage on Sherwin-Williams Company (The) in a research note on Monday, July 24th. They issued a neutral rating and a $365.00 price objective for the company. Credit Suisse Group raised Sherwin-Williams Company (The) to a buy rating and set a $375.00 price objective for the company in a research note on Sunday, July 23rd. Finally, Northcoast Research reissued a buy rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $360.10.
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About Sherwin-Williams Company (The)
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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