News
PPG
129.23
-0.99%
-1.29
PPG Industries First Quarter 2024 Earnings: Misses Expectations
PPG Industries missed revenue and earnings estimates by 2.8% and 1.1%. The company's shares are down 3.3% from a week ago. Revenue is forecast to grow 3.2% in the next 3 years. PPG Industries has one warning sign for investors to be aware of.
Simply Wall St · 10h ago
Sherwin-Williams: Like Watching Paint Dry
The Sherwin-Williams Company is a high-quality, market-leading company in the global paints and coatings industry. The company's controlled distribution model allows the company to maintain tight control over its supply chain and customer relationships. Despite the company's attractive business model, its current valuation is unattractive and exposure to cyclical end markets, particularly housing, adds risk. We assign a Hold rating to SHW and believe investors should wait for a more attractive entry point.
Seeking Alpha · 1d ago
Sherwin-Williams Sees Upside In Housing Market, Faltering Competitors -- Market Talk
CEO says improving housing outlook and thinning competition present new opportunities. Sherwin-Williams down 2% at $302.79 after 1Q sales and earnings come in below analysts' expectations. The company expects to gain market share through the rest of the year. CEO says single-family housing starts and the remodeling outlook are better.
Dow Jones · 2d ago
PPG Industries Is Maintained at Outperform by BMO Capital
Dow Jones · 2d ago
PPG Industries Price Target Cut to $165.00/Share From $168.00 by BMO Capital
Dow Jones · 2d ago
BMO Capital Maintains Outperform on PPG Indus, Lowers Price Target to $165
Benzinga · 2d ago
Sherwin-Williams misses Q1 profit target as demand in North America drags
Sherwin-Williams misses Q1 profit target as demand in North America drags. Paintmaker's shares fall 5% in premarket trading. US existing home sales fell in March due to higher mortgage rates and house prices. Peer PPG Industries reported a fall in sales last week.
Reuters · 2d ago
Analysts Offer Insights on Materials Companies: Metals Corp (MTAL), PPG Industries (PPG) and Gold Royalty (GROY)
TipRanks · 2d ago
PPG INDUSTRIES INC <PPG.N>: BMO CUTS TARGET PRICE TO $165 FROM $168
Reuters · 2d ago
PPG Industries Appoints Kathy L. Fortmann to Board
TipRanks · 3d ago
PPG Industries Investors Are Concerned Margin Cycle Turning Lower, Says Analyst
KeyBanc analyst Aleksey Yefremov lowered the price target from $164 to $162 after first-quarter FY24 earnings. The company reported quarterly adjusted earnings of $1.86 per share. PPG maintained its $8.47 EPS guidance for 2024.
Benzinga · 3d ago
PPG APPOINTS PASCAL TISSEYRE AS VICE PRESIDENT, GOVERNMENT AFFAIRS, EUROPE, MIDDLE EAST AND AFRICA
Reuters · 3d ago
PPG Industries Price Target Cut to $141.00/Share From $156.00 by RBC Capital
Dow Jones · 3d ago
PPG Industries Is Maintained at Sector Perform by RBC Capital
Dow Jones · 3d ago
RBC Capital Maintains Sector Perform on PPG Indus, Lowers Price Target to $141
Benzinga · 3d ago
PPG INDUSTRIES <PPG.N>: DEUTSCHE BANK CUTS TARGET PRICE TO $155 FROM $160
Reuters · 3d ago
PPG Industries Price Target Cut to $148.00/Share From $149.00 by Barclays
Dow Jones · 3d ago
PPG Industries Is Maintained at Equal-Weight by Barclays
Dow Jones · 3d ago
Barclays Maintains Equal-Weight on PPG Indus, Lowers Price Target to $148
Benzinga · 3d ago
KATHY FORTMANN JOINS PPG BOARD OF DIRECTORS
Reuters · 3d ago
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About PPG
PPG Industries, Inc. manufactures and distributes a range of paints, coatings, and specialty materials. The Company operates through two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment primarily supplies a variety of protective and decorative coatings, adhesives, sealants and finishes along with pavement marking products, paint strippers, stains and related chemicals, transparencies, transparent armor, and paint films. The Industrial Coatings segment primarily supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, precipitated silicas, and other specialty materials. The Company’s Performance Coatings brands include PPG, GLIDDEN, COMEX, OLYMPIC, DULUX, SIGMA, HISTOR, SEIGNEURIE, PEINTURES GAUTHIER, and JOHNSTONE'S, among others. Its Industrial Coatings brands include PPG and TESLIN.