Zacks Research Boosts Earnings Estimates for PPG Industries

Key Points

• Zacks Research has raised its FY2025 earnings per share estimate for PPG Industries to $7.80, slightly up from its previous estimate of $7.79, while the consensus estimate stands at $7.95.
• PPG Industries reported quarterly earnings of $2.22 EPS, matching analysts' expectations, but its revenue declined by 0.9% year over year, totaling $4.20 billion.
• The company has recently increased its quarterly dividend from $0.68 to $0.71 per share, indicating a commitment to returning value to shareholders.

PPG Industries, Inc. (NYSE:PPG - Free Report) - Equities researchers at Zacks Research upped their FY2025 earnings estimates for PPG Industries in a report issued on Monday, August 11th. Zacks Research analyst R. Department now forecasts that the specialty chemicals company will post earnings per share of $7.80 for the year, up from their prior forecast of $7.79. The consensus estimate for PPG Industries' current full-year earnings is $7.95 per share. Zacks Research also issued estimates for PPG Industries' Q1 2026 earnings at $1.90 EPS, Q3 2026 earnings at $2.06 EPS, Q4 2026 earnings at $2.03 EPS, FY2026 earnings at $8.38 EPS and Q2 2027 earnings at $2.72 EPS.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.22. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.50 earnings per share.

PPG has been the topic of several other research reports. Mizuho lifted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. UBS Group raised their price objective on shares of PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada raised their price objective on shares of PPG Industries from $115.00 to $117.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. Finally, Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $129.82.

PPG Industries Price Performance

PPG Industries stock traded down $0.76 during mid-day trading on Wednesday, hitting $111.04. The company's stock had a trading volume of 1,335,271 shares, compared to its average volume of 2,079,174. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $25.06 billion, a P/E ratio of 25.18, a P/E/G ratio of 2.31 and a beta of 1.17. PPG Industries has a twelve month low of $90.24 and a twelve month high of $137.24. The stock's fifty day moving average price is $112.44 and its two-hundred day moving average price is $110.69.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position 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 valued at $3,328,936,000 after acquiring an additional 192,560 shares during the period. State Street Corp grew its position in shares of PPG Industries by 6.3% in the 2nd quarter. State Street Corp now owns 12,624,828 shares of the specialty chemicals company's stock valued at $1,436,074,000 after acquiring an additional 749,081 shares during the period. Wellington Management Group LLP grew its position in shares of PPG Industries by 5.6% in the 1st quarter. Wellington Management Group LLP now owns 11,159,203 shares of the specialty chemicals company's stock valued at $1,220,259,000 after acquiring an additional 592,152 shares during the period. First Eagle Investment Management LLC grew its position in shares of PPG Industries by 21.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,560,280 shares of the specialty chemicals company's stock valued at $632,482,000 after acquiring an additional 971,799 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of PPG Industries by 58.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,797,682 shares of the specialty chemicals company's stock valued at $524,627,000 after acquiring an additional 1,766,518 shares during the period. Institutional investors own 81.86% of the company's stock.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. This is an increase from PPG Industries's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Monday, August 11th. PPG Industries's payout ratio is 64.40%.

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.