Equities analysts expect Sherwin-Williams Co (NYSE:SHW) to report earnings of $3.13 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sherwin-Williams’ earnings. The highest EPS estimate is $3.40 and the lowest is $2.79. Sherwin-Williams reported earnings of $2.27 per share during the same quarter last year, which indicates a positive year over year growth rate of 37.9%. The firm is scheduled to report its next quarterly earnings results 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 firm will post earnings of $21.75 per share, with EPS estimates ranging from $20.16 to $22.77. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Sherwin-Williams.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. Sherwin-Williams’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same period last year, the firm posted $2.15 earnings per share.
SHW has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $455.00 price target on shares of Sherwin-Williams in a report on Thursday, December 14th. Moffett Nathanson began coverage on shares of Sherwin-Williams in a report on Monday, December 4th. They set a “buy” rating on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $425.00 price objective on shares of Sherwin-Williams in a report on Friday, November 10th. Citigroup upped their price objective on shares of Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price objective on the stock in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $436.20.
Sherwin-Williams (NYSE SHW) opened at $402.30 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm has a market cap of $37,620.65, a PE ratio of 27.76, a P/E/G ratio of 1.81 and a beta of 1.18. Sherwin-Williams has a fifty-two week low of $305.70 and a fifty-two week high of $435.15.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 26th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Friday, February 23rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 annualized dividend and a dividend yield of 0.86%. Sherwin-Williams’s dividend payout ratio is currently 18.27%.
In other news, SVP Robert J. Wells sold 2,946 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the sale, the senior vice president now directly owns 18,363 shares in the company, valued at $7,512,486.93. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert J. Davisson sold 8,800 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total value of $3,432,616.00. Following the sale, the insider now owns 14,812 shares in the company, valued at $5,777,716.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,746 shares of company stock worth $5,044,964. Company insiders own 1.69% of the company’s stock.
Several hedge funds have recently bought and sold shares of SHW. Verition Fund Management LLC increased its position in shares of Sherwin-Williams by 12.9% in the second quarter. Verition Fund Management LLC now owns 785 shares of the specialty chemicals company’s stock worth $276,000 after purchasing an additional 90 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $235,000. Lord Abbett & CO. LLC bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $31,868,000. Intl Fcstone Inc. bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $290,000. Finally, Frontier Investment Mgmt Co. increased its position in shares of Sherwin-Williams by 2.0% in the second quarter. Frontier Investment Mgmt Co. now owns 9,981 shares of the specialty chemicals company’s stock worth $3,503,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 74.61% of the company’s stock.
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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