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MarketScreener Homepage  >  Equities  >  Nyse  >  The Sherwin-Williams Company    SHW

THE SHERWIN-WILLIAMS COMPANY

(SHW)
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Sherwin Williams : Lifts Outlook, Helped by DIY Painters

09/29/2020 | 04:37pm EST

By Micah Maidenberg

 

Sherwin-Williams Co. said it believes sales growth in the third quarter and profit for the year will be stronger than it previously had forecast, helped along by consumers touching up their properties amid the Covid-19 pandemic.

The paint maker behind Valspar, HGTV Home, Dutch Boy and other brands on Tuesday said it now sees a 3% to 5% gain in third-quarter sales over the same period last year, up from prior guidance that saw year-over-year sales up by a low-single-digit percentage.

For the full year, sales will be up slightly, better than its earlier expectation that sales would be flat.

The company believes it will earn $20.96 to $21.46 a share, up from $19.21 to $20.71 a share.

Sherwin-Williams said it has been helped along by do-it-yourself, or DIY, painters.

"Demand for architectural coatings has been stronger than expected in the third quarter, led by our DIY, residential repaint and new residential segments. Demand on the industrial side of our business has also improved," Chief Executive John Morikis said.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

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Financials (USD)
Sales 2020 18 196 M - -
Net income 2020 2 001 M - -
Net Debt 2020 7 919 M - -
P/E ratio 2020 33,8x
Yield 2020 0,73%
Capitalization 59 509 M 59 509 M -
EV / Sales 2020 3,71x
EV / Sales 2021 3,49x
Nbr of Employees 61 111
Free-Float 69,6%
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Technical analysis trends THE SHERWIN-WILLIAMS COMPANY
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 763,78 $
Last Close Price 732,17 $
Spread / Highest target 19,5%
Spread / Average Target 4,32%
Spread / Lowest Target -48,1%
EPS Revisions
Managers and Directors
NameTitle
John George Morikis Chairman & Chief Executive Officer
David B. Sewell President & Chief Operating Officer
Allen Joseph Mistysyn Chief Financial Officer & Senior VP-Finance
Susan J. Kropf Independent Director
Arthur F. Anton Independent Director
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