Zacks Research Cuts Earnings Estimates for PPG Industries

PPG Industries, Inc. (NYSE:PPG - Free Report) - Equities researchers at Zacks Research cut their Q2 2025 EPS estimates for shares of PPG Industries in a research note issued to investors on Monday, May 12th. Zacks Research analyst R. Department now forecasts that the specialty chemicals company will post earnings of $2.20 per share for the quarter, down from their prior forecast of $2.23. The consensus estimate for PPG Industries' current full-year earnings is $7.95 per share. Zacks Research also issued estimates for PPG Industries' Q3 2025 earnings at $2.14 EPS, Q4 2025 earnings at $1.79 EPS, FY2025 earnings at $7.84 EPS, Q1 2026 earnings at $1.91 EPS, Q2 2026 earnings at $2.55 EPS, Q3 2026 earnings at $2.05 EPS, Q4 2026 earnings at $1.75 EPS, FY2026 earnings at $8.26 EPS, Q1 2027 earnings at $2.04 EPS and FY2027 earnings at $8.89 EPS.

A number of other equities analysts have also weighed in on the company. Citigroup lowered their target price on PPG Industries from $135.00 to $113.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group dropped their price objective on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price objective on PPG Industries from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $128.42.

PPG Industries Stock Down 1.6%

Shares of NYSE:PPG opened at $111.56 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. PPG Industries has a 52-week low of $90.24 and a 52-week high of $137.24. The business's 50 day simple moving average is $106.46 and its two-hundred day simple moving average is $115.39. The firm has a market cap of $25.32 billion, a P/E ratio of 23.59, a PEG ratio of 2.19 and a beta of 1.20.

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 for the quarter, beating the consensus estimate of $1.62 by $0.10. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 earnings per share.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries's payout ratio is 58.24%.

Insider Activity

In related news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the sale, the chief executive officer now owns 35,833 shares of the company's stock, valued at approximately $4,240,835.55. This trade represents a 11.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On PPG Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of PPG Industries during the 4th quarter valued at approximately $470,535,000. Kovitz Investment Group Partners LLC lifted its position in shares of PPG Industries by 482.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,337,649 shares of the specialty chemicals company's stock worth $518,132,000 after acquiring an additional 3,592,655 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of PPG Industries by 815.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,031,164 shares of the specialty chemicals company's stock worth $362,074,000 after acquiring an additional 2,700,018 shares during the period. First Eagle Investment Management LLC grew its position in shares of PPG Industries by 138.9% in the fourth quarter. First Eagle Investment Management LLC now owns 3,196,951 shares of the specialty chemicals company's stock valued at $381,876,000 after purchasing an additional 1,858,895 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of PPG Industries by 17.7% during the 4th quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company's stock valued at $1,262,234,000 after purchasing an additional 1,590,041 shares during the period. Institutional investors own 81.86% of the company's stock.

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.

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