PPG Industries (PPG) Projected to Post Earnings on Thursday

PPG Industries (NYSE:PPG - Get Free Report) is expected to be announcing its Q2 2025 earnings results after the market closes on Thursday, July 17th. Analysts expect the company to announce earnings of $2.21 per share and revenue of $4.16 billion for the quarter. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.67 billion. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. PPG Industries's revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 EPS. On average, analysts expect PPG Industries to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

PPG Industries Stock Performance

PPG Industries stock traded down $1.73 during trading hours on Friday, reaching $117.34. 770,595 shares of the stock were exchanged, compared to its average volume of 1,858,167. PPG Industries has a 52-week low of $90.24 and a 52-week high of $137.24. The stock has a market cap of $26.64 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.49 and a beta of 1.16. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.35. The firm's 50 day moving average is $112.51 and its 200 day moving average is $112.20.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.72 annualized dividend and a yield of 2.32%. PPG Industries's dividend payout ratio is currently 58.24%.

Analyst Ratings Changes

Several equities analysts have issued reports on PPG shares. UBS Group boosted their target price on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Royal Bank Of Canada upped their price target on shares of PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their price objective on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Wells Fargo & Company boosted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, PPG Industries has a consensus rating of "Moderate Buy" and an average price target of $131.83.

Hedge Funds Weigh In On PPG Industries

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

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.