Q3 Earnings Forecast for PPG Industries Issued By KeyCorp

Key Points

• KeyCorp forecasts PPG Industries will report Q3 2026 EPS of $2.11, with estimates of $1.72 for Q4 2026, $8.45 for FY2027 and $9.45 for FY2028.
• Analyst sentiment is mixed but leans toward caution: PPG has a consensus “Hold” rating and a $126 target price, with seven Buy ratings and ten Holds.
• PPG recently increased its quarterly dividend from $0.71 to $0.74 per share, or $2.96 annualized, yielding about 2.8%; institutional investors own 81.86% of the stock.

PPG Industries, Inc. (NYSE:PPG - Free Report) - Investment analysts at KeyCorp issued their Q3 2026 earnings per share (EPS) estimates for shares of PPG Industries in a research note issued on Thursday, September 10th. KeyCorp analyst S. Tiano forecasts that the specialty chemicals company will post earnings per share of $2.11 for the quarter. The consensus estimate for PPG Industries' current full-year earnings is $7.89 per share. KeyCorp also issued estimates for PPG Industries' Q4 2026 earnings at $1.72 EPS, FY2027 earnings at $8.45 EPS and FY2028 earnings at $9.45 EPS.

Several other brokerages have also recently issued reports on PPG. Citigroup decreased their target price on shares of PPG Industries from $125.00 to $121.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Wall Street Zen downgraded PPG Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, June 17th. Bank of America raised PPG Industries from a "neutral" rating to a "buy" rating and boosted their target price for the company from $127.00 to $134.00 in a research report on Friday, July 17th. Finally, Royal Bank Of Canada decreased their price objective on shares of PPG Industries from $129.00 to $122.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, PPG Industries has a consensus rating of "Hold" and a consensus target price of $126.00.

PPG Industries Stock Performance

Shares of NYSE:PPG opened at $104.89 on Friday. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43. The stock has a market capitalization of $23.32 billion, a P/E ratio of 15.03, a PEG ratio of 1.74 and a beta of 1.07. The firm has a fifty day simple moving average of $114.72 and a two-hundred day simple moving average of $112.40. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

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

Institutional Trading of PPG Industries

Several institutional investors and hedge funds have recently modified their holdings of PPG. California State Teachers Retirement System increased its holdings in PPG Industries by 12,647.0% during the 2nd quarter. California State Teachers Retirement System now owns 60,284,284 shares of the specialty chemicals company's stock worth $7,311,881,000 after purchasing an additional 59,811,353 shares during the period. BlackRock Inc. purchased a new stake in shares of PPG Industries in the 2nd quarter worth $2,856,392,000. State Street Corp grew its position in shares of PPG Industries by 4.6% during the 4th quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company's stock worth $1,314,529,000 after buying an additional 565,523 shares in the last quarter. Pzena Investment Management LLC purchased a new position in shares of PPG Industries during the second quarter valued at $946,964,000. Finally, Franklin Resources Inc. increased its stake in shares of PPG Industries by 48.9% during the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company's stock valued at $716,256,000 after buying an additional 2,295,118 shares during the period. Institutional investors own 81.86% of the company's stock.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be paid a $0.74 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a yield of 2.8%. This is an increase from PPG Industries's previous quarterly dividend of $0.71. PPG Industries's payout ratio is currently 42.41%.

About PPG Industries

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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