PPG Industries (PPG) Projected to Post Quarterly Earnings on Tuesday

PPG Industries (NYSE:PPG) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $1.65 per share and revenue of $3.67 billion for the quarter.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. On average, analysts expect PPG Industries to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

PPG Industries Stock Down 0.6 %

NYSE:PPG opened at $99.45 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries has a twelve month low of $90.24 and a twelve month high of $137.24. The company has a market cap of $22.57 billion, a PE ratio of 21.03, a P/E/G ratio of 2.19 and a beta of 1.16. The company’s 50 day moving average is $109.07 and its two-hundred day moving average is $117.68.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Monday, May 12th. PPG Industries’s dividend payout ratio (DPR) is 57.51%.

Insider Buying and Selling

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction on Friday, February 14th. The shares were sold at an average price of $118.35, for a total value of $568,080.00. Following the transaction, the chief executive officer now owns 35,833 shares in the company, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PPG Industries

An institutional investor recently raised its position in PPG Industries stock. Brighton Jones LLC grew its position in shares of PPG Industries, Inc. (NYSE:PPG) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,075 shares of the specialty chemicals company’s stock after purchasing an additional 339 shares during the period. Brighton Jones LLC’s holdings in PPG Industries were worth $487,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

PPG has been the subject of a number of research reports. Citigroup lowered their price target on shares of PPG Industries from $135.00 to $113.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on PPG Industries from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada decreased their price target on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a report on Tuesday, February 4th. StockNews.com cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Bank of America reiterated a “neutral” rating and issued a $126.00 target price (down from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $132.31.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.