Zacks Research Reduces Earnings Estimates for PPG Industries

PPG Industries, Inc. (NYSE:PPG) – Analysts at Zacks Research reduced their Q1 2026 EPS estimates for shares of PPG Industries in a research note issued to investors on Monday, February 9th. Zacks Research analyst Team now expects that the specialty chemicals company will post earnings of $1.69 per share for the quarter, down from their prior forecast of $1.77. Zacks Research has a “Hold” rating on the stock. The consensus estimate for PPG Industries’ current full-year earnings is $7.95 per share. Zacks Research also issued estimates for PPG Industries’ Q2 2026 earnings at $2.25 EPS, Q3 2026 earnings at $2.24 EPS, Q4 2026 earnings at $1.77 EPS, FY2026 earnings at $7.95 EPS, Q1 2027 earnings at $1.81 EPS, Q2 2027 earnings at $2.64 EPS, Q3 2027 earnings at $2.23 EPS, Q4 2027 earnings at $1.94 EPS, FY2027 earnings at $8.62 EPS and FY2028 earnings at $9.41 EPS.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS.

Several other equities research analysts also recently issued reports on the stock. Sanford C. Bernstein raised their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Bank of America reduced their price target on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. BNP Paribas Exane cut their price objective on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group increased their target price on shares of PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.71.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $129.11 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $108.59 and its two-hundred day moving average is $105.88. The company has a market cap of $28.97 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.92 and a beta of 1.16. PPG Industries has a 12 month low of $90.24 and a 12 month high of $129.40.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio is 40.92%.

Insider Transactions at PPG Industries

In other PPG Industries news, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vincent J. Morales sold 29,672 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total value of $3,709,000.00. Following the completion of the sale, the chief financial officer owned 28,439 shares in the company, valued at approximately $3,554,875. This represents a 51.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 37,122 shares of company stock valued at $4,541,078. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of PPG Industries by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 29,265,369 shares of the specialty chemicals company’s stock worth $3,328,936,000 after purchasing an additional 192,560 shares during the last quarter. Wellington Management Group LLP boosted its position in PPG Industries by 19.9% in the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after buying an additional 2,521,004 shares in the last quarter. State Street Corp grew its stake in PPG Industries by 6.3% during the second quarter. State Street Corp now owns 12,624,828 shares of the specialty chemicals company’s stock worth $1,436,074,000 after buying an additional 749,081 shares during the last quarter. Pzena Investment Management LLC grew its stake in PPG Industries by 306.2% during the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock worth $727,340,000 after buying an additional 5,351,103 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of PPG Industries by 0.4% during the fourth quarter. First Eagle Investment Management LLC now owns 6,290,622 shares of the specialty chemicals company’s stock worth $644,537,000 after buying an additional 26,793 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting PPG Industries

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Zacks raised a few forward quarter and long‑term estimates that could support upside: Q3 2026 EPS was increased to $2.24 (from $2.09), Q2 2027 EPS was raised to $2.64 (from $2.59), and Zacks now models FY2028 at $9.41 EPS — signaling expected longer‑term earnings growth. MarketBeat PPG coverage
• Neutral Sentiment: Zacks retained a “Hold” stance and left the consensus FY2026 figure close to $7.95 EPS despite the revisions, so the report is more a model tweak than a full analyst upgrade/downgrade. Investors may view this as mixed/confirming rather than decisively bullish or bearish. MarketBeat PPG coverage
• Negative Sentiment: Zacks cut several near‑term and FY2026/2027 forecasts: Q1 2026 to $1.69 (from $1.77), Q4 2026 to $1.77 (from $1.93), Q1 2027 to $1.81 (from $1.91), Q3 2027 to $2.23 (from $2.25) and FY2027 to $8.62 (from $8.78). Those downgrades signal softer near‑term momentum and are likely the primary reason for any intra‑day volatility or cautious investor reaction. MarketBeat PPG coverage

PPG Industries Company Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.