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MarketScreener Homepage  >  Equities  >  Nyse  >  PPG Industries, Inc.    PPG

PPG INDUSTRIES, INC.

(PPG)
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PPG Industries: 3Q Earnings Snapshot

10/19/2020 | 04:27pm EST

PITTSBURGH (AP) _ PPG Industries Inc. (PPG) on Monday reported third-quarter earnings of $442 million.

The Pittsburgh-based company said it had net income of $1.86 per share. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.93 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.

The paint and coatings maker posted revenue of $3.69 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.61 billion.

For the current quarter ending in December, PPG Industries expects its per-share earnings to range from $1.50 to $1.57. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.41.

PPG Industries shares have climbed roughly 1% since the beginning of the year, while the Standard & Poor's 500 index has increased 6%. In the final minutes of trading on Monday, shares hit $134.32, an increase of 11% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPG at https://www.zacks.com/ap/PPG

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2020 13 646 M - -
Net income 2020 1 210 M - -
Net Debt 2020 2 980 M - -
P/E ratio 2020 28,8x
Yield 2020 1,43%
Capitalization 34 649 M 34 649 M -
EV / Sales 2020 2,76x
EV / Sales 2021 2,52x
Nbr of Employees 47 000
Free-Float 40,4%
Chart PPG INDUSTRIES, INC.
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PPG Industries, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends PPG INDUSTRIES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 146,29 $
Last Close Price 146,69 $
Spread / Highest target 21,3%
Spread / Average Target -0,27%
Spread / Lowest Target -40,7%
EPS Revisions
Managers
NameTitle
Michael H. McGarry Chairman & Chief Executive Officer
Vincent J. Morales Chief Financial Officer & Senior Vice President
David S. Bem CTO, Vice President-Science & Technology
Christopher R. Caruso Vice President-Information Technology
Hugh M. Grant Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PPG INDUSTRIES, INC.10.82%34 649
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RPM INTERNATIONAL INC.15.52%11 315