PPG Industries, Inc. (NYSE:PPG) is set to announce third quarter earning results on Monday 19th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PPG to report 3Q20 income of $ 1.92 per share.
For the full year, analysts anticipate top line of $ 13549.70 million, while looking forward to income of $ 5.55 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.90 ~ $ 1.94 per share
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. came out with income for the second quarter of $ 0.99 per share, from the revenue of $ 3,015.00 million. The quarterly earnings declined 46.49 percent while revenues dropped 25.07 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.71 per share from $ 2783.65 million in revenue. The bottom line results beat street analysts by $ 0.28 or 39.44 percent, at the same time, top line results outshined analysts by $ 231.35 million or 8.31 percent.
Stock Performance
On Friday, shares of PPG Industries, Inc. has traded high as $ 138.39 and has cracked $ 136.08 on the downward trend, reaching $ 137.16 with volume of 1.22 million shares.
According to the previous trading day, closing price of $ 137.16, representing a 95.99 % increase from the 52 week low of $ 69.77 and a 1.19 % decrease over the 52 week high of $ 138.39.
The company has a market capital of $ 32.37 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by UBS Group at Buy rating, with $ 148.00 target price.
- On 9th October 2020, maintained by RBC Capital at Outperform rating, with $ 144.00 target price.
- On 6th October 2020, maintained by UBS Group at Buy rating, with $ 142.00 target price.
- On 22nd September 2020, initiated by Evercore ISI at In-Line rating, with $ 135.00 target price.
Recent Stock Dividend Announcement
On July 16, 2020, the board of directors authorized quarterly dividend of $ 0.54 per share to holders of record as of the close of business on August 10, 2020, with payment date of September 11, 2020 and ex-dividend date on August 7, 2020.
Conference Call
PPG Industries, Inc. will be hosting a conference call at 8:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ppg.com
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.
