$3.13 EPS Expected for Sherwin-Williams Co (SHW) This Quarter
Equities analysts expect Sherwin-Williams Co (NYSE:SHW) to announce earnings per share (EPS) of $3.13 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sherwin-Williams’ earnings, with the highest EPS estimate coming in at $3.40 and the lowest estimate coming in at $2.79. Sherwin-Williams posted earnings per share of $2.27 in the same quarter last year, which suggests a positive year over year growth rate of 37.9%. The firm is expected to issue its next earnings report on Thursday, April 19th.
According to Zacks, analysts expect that Sherwin-Williams will report full-year earnings of $19.10 per share for the current fiscal year, with EPS estimates ranging from $18.95 to $19.40. For the next year, analysts expect that the business will report earnings of $21.75 per share, with EPS estimates ranging from $20.16 to $22.77. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Sherwin-Williams.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the business posted $2.15 earnings per share. The firm’s revenue for the quarter was up 43.0% compared to the same quarter last year.
In other Sherwin-Williams news, SVP Robert J. Wells sold 2,946 shares of Sherwin-Williams stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $409.11, for a total value of $1,205,238.06. Following the transaction, the senior vice president now owns 18,363 shares in the company, valued at $7,512,486.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Davisson sold 1,000 shares of Sherwin-Williams stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $407.11, for a total value of $407,110.00. The disclosure for this sale can be found here. 1.69% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its stake in Sherwin-Williams by 28.2% in the third quarter. Janney Montgomery Scott LLC now owns 22,929 shares of the specialty chemicals company’s stock valued at $8,209,000 after purchasing an additional 5,041 shares during the last quarter. Janus Henderson Group PLC grew its stake in Sherwin-Williams by 27.6% in the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after purchasing an additional 288,492 shares during the last quarter. Atlantic Trust Group LLC purchased a new position in Sherwin-Williams in the third quarter valued at about $87,798,000. Carderock Capital Management Inc. grew its stake in Sherwin-Williams by 4.3% in the third quarter. Carderock Capital Management Inc. now owns 6,495 shares of the specialty chemicals company’s stock valued at $2,325,000 after purchasing an additional 270 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in Sherwin-Williams by 3.3% in the third quarter. Stifel Financial Corp now owns 77,038 shares of the specialty chemicals company’s stock valued at $27,610,000 after purchasing an additional 2,473 shares during the last quarter. Institutional investors own 74.61% of the company’s stock.
Sherwin-Williams (SHW) traded up $0.18 during trading hours on Friday, hitting $398.20. The stock had a trading volume of 603,870 shares, compared to its average volume of 747,506. Sherwin-Williams has a fifty-two week low of $305.70 and a fifty-two week high of $435.15. The company has a market capitalization of $37,240.00, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.12.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be issued a $0.86 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, February 23rd. Sherwin-Williams’s payout ratio is presently 17.86%.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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