PPG Industries (PPG) to Release Quarterly Earnings on Thursday

Thursday, April 8, 2021 | MarketBeat

PPG Industries (NYSE:PPG) will be posting its quarterly earnings results after the market closes on Thursday, April 15th. Analysts expect PPG Industries to post earnings of $1.58 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Wednesday, January 20th. The specialty chemicals company reported $1.59 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.57 by $0.02. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.56 billion. PPG Industries had a net margin of 7.85% and a return on equity of 25.01%. During the same quarter in the prior year, the firm earned $1.31 EPS. On average, analysts expect PPG Industries to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NYSE PPG opened at $147.97 on Thursday. PPG Industries has a fifty-two week low of $81.43 and a fifty-two week high of $156.57. The stock has a market cap of $35.06 billion, a PE ratio of 32.66, a PEG ratio of 3.21 and a beta of 1.11. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.16 and a current ratio of 1.52. The firm's fifty day moving average price is $144.70 and its two-hundred day moving average price is $140.49.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 12th. Investors of record on Friday, February 19th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, February 18th. This represents a $2.16 dividend on an annualized basis and a yield of 1.46%. PPG Industries's dividend payout ratio is currently 34.73%.

PPG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on PPG Industries from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday, January 25th. Vertical Research raised shares of PPG Industries from a "hold" rating to a "buy" rating in a report on Monday, January 25th. Morgan Stanley raised their price target on shares of PPG Industries from $140.00 to $147.00 and gave the company an "equal weight" rating in a research note on Monday, December 14th. Zacks Investment Research cut shares of PPG Industries from a "buy" rating to a "hold" rating and set a $155.00 price objective on the stock. in a research note on Wednesday, March 24th. Finally, Laurentian raised PPG Industries to a "buy" rating in a research report on Wednesday, December 16th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of "Buy" and an average price target of $145.61.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company's 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; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

Read More: Calculating net profit and net profit margin ratio

Earnings History for PPG Industries (NYSE:PPG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What sectors are represented in the FTSE 100 index?

7 Semiconductor Stocks Set to Gain From the Chip Shortage

Who knew that something so tiny could create such a big problem? However, that’s the case with the semiconductor industry. Chip manufacturers are facing supply chain disruptions due to the Covid-19 pandemic.

Semiconductors are in high demand for the big tech companies who need the chips to power the servers for their data centers. But they are also needed for much of the technology we take for granted including laptops, tablets, mobile phones, gaming consoles, and automobiles – a sector that seems to be at the root of the current crisis.

Any weekend mechanic knows that even traditional internal combustion cars are heavily reliant on electronics. In fact, electronic parts and components account for 40% of a new, internal combustion vehicle. That’s more than doubled since 2000.

However as it turns out, some manufacturers may have overestimated how soon consumers would be ready for an “all-electric” future. And that meant that they didn’t forecast how much demand there would be for the kind of chips needed to do the mundane, but vital tasks of steering, braking, and even powering windows up and down.

Part of the problem is that U.S. businesses are heavily reliant on countries like China and Taiwan for their semiconductors. In fact, only about 12.5% of semiconductor manufacturing is done in the United States.

Of course, this creates a tremendous opportunity for the companies that manufacture these chips. And it comes at a good time. The semiconductor sector is notoriously cyclical and was coming down from the elevated demand for the 5G buildout.

In this special presentation, we’ll give you a list of seven semiconductor companies that you can invest in to take advantage of this opportunity.

View the "7 Semiconductor Stocks Set to Gain From the Chip Shortage".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.