KeyCorp Estimates PPG Industries' FY2026 Earnings (NYSE:PPG)

Key Points

• KeyCorp estimates PPG Industries will earn $7.90 per share in FY2026, broadly matching the $7.89 consensus estimate. The firm maintains an “Overweight” rating and a $133 price target.
• PPG’s latest quarter showed 7.2% year-over-year revenue growth to $4.50 billion, though EPS of $2.23 fell slightly short of analysts’ $2.25 estimate. Management’s FY2026 EPS guidance remains $7.70–$8.10.
• PPG increased its quarterly dividend from $0.71 to $0.74 per share, equivalent to $2.96 annually and a 2.8% yield. Analysts remain mixed overall, with an average “Hold” rating and a consensus target price of $126.44.

PPG Industries, Inc. (NYSE:PPG - Free Report) - KeyCorp issued their FY2026 earnings estimates for shares of PPG Industries in a research note issued on Thursday, September 10th. KeyCorp analyst S. Tiano anticipates that the specialty chemicals company will earn $7.90 per share for the year. KeyCorp currently has a "Overweight" rating and a $133.00 target price on the stock. The consensus estimate for PPG Industries' current full-year earnings is $7.89 per share.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.25 by ($0.02). The company had revenue of $4.50 billion during the quarter, compared to analysts' expectations of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. PPG Industries's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS.

Several other research analysts have also commented on the stock. Mizuho raised their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. Bank of America upgraded PPG Industries from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. BMO Capital Markets reduced their price objective on shares of PPG Industries from $140.00 to $138.00 and set an "outperform" rating on the stock in a research note on Monday, July 6th. Citigroup reduced their target price on PPG Industries from $125.00 to $121.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings raised shares of PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, June 17th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $126.44.

PPG Industries Price Performance

PPG stock opened at $105.55 on Monday. The stock has a 50-day moving average price of $114.32 and a two-hundred day moving average price of $112.26. The company has a market cap of $23.46 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. PPG Industries has a 12-month low of $93.39 and a 12-month high of $133.43.

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 10th were paid a dividend of $0.74 per share. This is a boost from PPG Industries's previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 10th. PPG Industries's payout ratio is currently 42.41%.

Institutional Trading of PPG Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. Archford Capital Strategies LLC acquired a new stake in shares of PPG Industries during the second quarter worth approximately $208,000. Engineers Gate Manager LP bought a new position in shares of PPG Industries in the second quarter valued at approximately $36,857,000. Cidel Asset Management Inc. lifted its position in PPG Industries by 10.2% during the 2nd quarter. Cidel Asset Management Inc. now owns 2,565 shares of the specialty chemicals company's stock worth $311,000 after acquiring an additional 237 shares during the last quarter. Community Bank N.A. acquired a new position in shares of PPG Industries during the 2nd quarter worth about $28,000. Finally, Baird Financial Group Inc. boosted its position in shares of PPG Industries by 5.9% in the second quarter. Baird Financial Group Inc. now owns 103,156 shares of the specialty chemicals company's stock valued at $12,512,000 after acquiring an additional 5,791 shares during the period. Institutional investors and hedge funds own 81.86% of the company's stock.

Key PPG Industries News

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

• Positive Sentiment: KeyCorp initiated coverage of PPG Industries with an Overweight rating and a $133 price target, implying approximately 26% upside from the referenced $105.55 share price. The bullish stance indicates confidence in PPG’s valuation and earnings outlook. KeyCorp initiates coverage of PPG Industries
• Positive Sentiment: KeyCorp projected EPS of $2.11 for the third quarter and $1.72 for the fourth quarter, followed by $8.45 for fiscal 2027 and $9.45 for fiscal 2028. The longer-term estimates exceed the current full-year consensus of $7.89, suggesting expectations for earnings growth. KeyCorp PPG earnings estimates
• Neutral Sentiment: PPG hosted an Innovation Day in Tianjin, China, showcasing customer-focused coatings solutions, digital capabilities and its “Inside the Can” and “Outside the Can” innovation strategies. The event reinforces PPG’s long-term product-development and customer-retention efforts, although no immediate financial impact or new guidance was announced. PPG hosts innovation day in Tianjin

PPG Industries Company Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG's portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.

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