Brokerages expect Sherwin-Williams Co (NYSE:SHW) to announce $4.00 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Sherwin-Williams’ earnings. The highest sales estimate is $4.05 billion and the lowest is $3.96 billion. Sherwin-Williams posted sales of $2.76 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 44.9%. The business is expected to announce its next quarterly earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Sherwin-Williams will report full year sales of $4.00 billion for the current fiscal year, with estimates ranging from $17.37 billion to $18.17 billion. For the next fiscal year, analysts forecast that the business will report sales of $18.67 billion per share, with estimates ranging from $18.47 billion to $19.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm earned $2.15 EPS. The business’s revenue was up 43.0% on a year-over-year basis.
SHW has been the topic of a number of recent analyst reports. KeyCorp reiterated an “overweight” rating and issued a $465.00 target price (up previously from $440.00) on shares of Sherwin-Williams in a research report on Thursday, January 11th. Robert W. Baird reiterated a “buy” rating and issued a $425.00 target price on shares of Sherwin-Williams in a research report on Friday, November 10th. Seaport Global Securities upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price target on the stock in a report on Wednesday, December 27th. Finally, Deutsche Bank began coverage on Sherwin-Williams in a report on Friday, December 22nd. They set a “hold” rating and a $420.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $436.20.
In related news, insider Robert J. Davisson sold 1,000 shares of Sherwin-Williams stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $407.11, for a total value of $407,110.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Robert J. Wells sold 2,946 shares of Sherwin-Williams stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 18,363 shares in the company, valued at $7,512,486.93. The disclosure for this sale can be found here. 1.69% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC lifted its stake in Sherwin-Williams by 12.9% in the second quarter. Verition Fund Management LLC now owns 785 shares of the specialty chemicals company’s stock valued at $276,000 after buying an additional 90 shares during the period. Athena Capital Advisors LLC lifted its stake in Sherwin-Williams by 22.1% in the third quarter. Athena Capital Advisors LLC now owns 745 shares of the specialty chemicals company’s stock valued at $267,000 after buying an additional 135 shares during the period. Commonwealth Equity Services Inc lifted its stake in Sherwin-Williams by 0.5% in the third quarter. Commonwealth Equity Services Inc now owns 31,042 shares of the specialty chemicals company’s stock valued at $11,114,000 after buying an additional 142 shares during the period. Haverford Trust Co. lifted its stake in Sherwin-Williams by 2.2% in the third quarter. Haverford Trust Co. now owns 6,704 shares of the specialty chemicals company’s stock valued at $2,400,000 after buying an additional 144 shares during the period. Finally, Checchi Capital Advisers LLC lifted its stake in Sherwin-Williams by 17.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 982 shares of the specialty chemicals company’s stock valued at $403,000 after buying an additional 148 shares during the period. 74.61% of the stock is currently owned by institutional investors.
Sherwin-Williams (NYSE SHW) traded up $0.46 during trading on Friday, reaching $397.13. The company’s stock had a trading volume of 531,690 shares, compared to its average volume of 697,195. Sherwin-Williams has a 1 year low of $305.70 and a 1 year high of $435.15. 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 has a market capitalization of $37,620.65, a PE ratio of 21.59, a PEG ratio of 1.81 and a beta of 1.18.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be paid a $0.86 dividend. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, February 23rd. Sherwin-Williams’s payout ratio is currently 18.27%.
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Sherwin-Williams Company Profile
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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