Seaport Res Ptn Forecasts Lower Earnings for PPG Industries

PPG Industries, Inc. (NYSE:PPG - Free Report) - Research analysts at Seaport Res Ptn reduced their Q1 2025 earnings per share (EPS) estimates for shares of PPG Industries in a report released on Wednesday, March 5th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $1.53 for the quarter, down from their prior estimate of $1.54. Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for PPG Industries' current full-year earnings is $7.95 per share. Seaport Res Ptn also issued estimates for PPG Industries' Q2 2025 earnings at $2.24 EPS, Q3 2025 earnings at $2.12 EPS, FY2025 earnings at $7.71 EPS and FY2026 earnings at $8.62 EPS.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%.

Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group decreased their price objective on PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Citigroup decreased their price objective on PPG Industries from $150.00 to $145.00 and set a "buy" rating for the company in a report on Wednesday, December 18th. JPMorgan Chase & Co. cut PPG Industries from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $145.00 to $115.00 in a report on Wednesday, February 12th. Wells Fargo & Company decreased their price objective on PPG Industries from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, KeyCorp cut PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $138.15.

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PPG Industries Stock Performance

PPG Industries stock traded up $0.10 during trading hours on Thursday, hitting $115.47. 2,170,716 shares of the stock traded hands, compared to its average volume of 1,622,129. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The firm's 50 day moving average price is $116.82 and its 200-day moving average price is $122.75. The stock has a market capitalization of $26.21 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 2.19 and a beta of 1.22. PPG Industries has a 1 year low of $109.15 and a 1 year high of $145.61.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.36%. PPG Industries's payout ratio is currently 57.51%.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the completion of the transaction, the chief executive officer now owns 35,833 shares of the company's stock, valued at $4,240,835.55. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company's stock.

Hedge Funds Weigh In On PPG Industries

Hedge funds have recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in shares of PPG Industries in the fourth quarter valued at approximately $26,000. Legend Financial Advisors Inc. purchased a new stake in shares of PPG Industries in the fourth quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. grew its position in shares of PPG Industries by 465.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of PPG Industries in the third quarter valued at approximately $34,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in shares of PPG Industries in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 81.86% of the company's stock.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.