PPG Industries, Inc. (NYSE:PPG) manufacturer of speciality material and glass products, is reporting second quarter earnings results on Thursday 16th July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.71 per share.
For the full year, analysts predict revenues of $ 12964.40 million, while looking forward to income of $ 4.44 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 15,297.00 million ~ $ 15,600.00 million, where as bottomline are predicted in a range of $ 6.47 ~ $ 6.78 per share
Click Here For More Historical Outlooks Of PPG Industries, Inc.
Previous Quarter Performance
PPG Industries, Inc. unwinded income for the first quarter of $ 1.19 per share, from the revenue of $ 3,377.00 million. The quarterly earnings reduced 13.77 percent while revenues down 8.25 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.18 per share from $ 3403.61 million in revenue. The bottom line results beat street analysts by $ 0.01 or 0.85 percent, at the same time, top line results fell short of analysts by $ 26.61 million or 0.78 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PPG was $ 86.92, representing a 24.58 % increase from the 52 week low of $ 69.77 and a 35.31 % decrease over the 52 week high of $ 134.36.
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Recent Analyst recommendations
On 30th June 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating, with $ 125.00 target price.
On 25th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 105.00 target price.
On 19th June 2020, maintained by UBS Group at Buy rating, with $ 123.00 target price.
Recent Stock Dividend Announcement
On April 16, 2020, the board of directors authorized quarterly dividend of $ 0.51 per share to holders of record as of the close of business on May 11, 2020, with payment date of June 12, 2020 and ex-dividend date on May 8, 2020.
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The companys Performance Coatings segment offers coatings, solvents, adhesives, 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, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.
