PPG Industries (NYSE:PPG) Updates FY 2025 Earnings Guidance

Key Points

• PPG Industries has updated its FY 2025 earnings guidance to an EPS of 7.750-8.050, slightly below the consensus estimate of 7.896.
• The company recently declared a dividend increase to $0.71 per share, up from $0.68, representing an annualized yield of 2.52%.
• Brokerage analysts have set a consensus target price of $129.45 for PPG Industries, with various firms adjusting their price targets amid mixed ratings.

PPG Industries (NYSE:PPG - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 7.750-8.050 for the period, compared to the consensus estimate of 7.896. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Fermium Researc upgraded shares of PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company boosted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Mizuho boosted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada boosted their target price on shares of PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $129.45.

PPG Industries Price Performance

NYSE PPG traded down $1.46 on Friday, hitting $104.05. 604,771 shares of the company were exchanged, compared to its average volume of 2,096,451. The company has a current ratio of 1.42, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. PPG Industries has a 1-year low of $90.24 and a 1-year high of $137.24. The company has a market cap of $23.62 billion, a P/E ratio of 23.58, a P/E/G ratio of 2.22 and a beta of 1.16. The firm has a 50 day moving average of $113.17 and a two-hundred day moving average of $111.88.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.22. PPG Industries had a net margin of 6.25% and a return on equity of 24.18%. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the company posted $2.50 EPS. The company's revenue was down .9% compared to the same quarter last year. On average, equities analysts predict that PPG Industries will post 7.95 EPS for the current year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, August 11th will be paid a $0.71 dividend. This is a boost from PPG Industries's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Monday, August 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. PPG Industries's dividend payout ratio (DPR) is currently 64.40%.

Institutional Trading of PPG Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC increased its stake in shares of PPG Industries by 9.1% in the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company's stock valued at $487,000 after acquiring an additional 339 shares during the last quarter. Empowered Funds LLC increased its stake in shares of PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company's stock valued at $2,882,000 after acquiring an additional 1,526 shares during the last quarter. Woodline Partners LP increased its stake in PPG Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company's stock worth $2,143,000 after purchasing an additional 5,667 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in PPG Industries by 31.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company's stock worth $421,000 after purchasing an additional 920 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

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.