Equities analysts predict that Sherwin-Williams Co (NYSE:SHW) will post sales of $4.00 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided 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 suggests a positive year-over-year growth rate of 44.9%. The firm is scheduled to announce its next 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 year, with estimates ranging from $17.37 billion to $18.17 billion. For the next year, analysts anticipate that the company will post 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 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 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $2.15 EPS. Sherwin-Williams’s revenue was up 43.0% on a year-over-year basis.
A number of equities analysts have recently weighed in on SHW shares. Susquehanna Bancshares reissued a “positive” rating and set a $483.00 price target (down from $511.00) on shares of Sherwin-Williams in a research report on Tuesday, February 13th. Seaport Global Securities raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada lifted their price target on shares of Sherwin-Williams to $485.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. KeyCorp reissued a “buy” rating and set a $500.00 price target (up from $465.00) on shares of Sherwin-Williams in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, Barclays reissued a “hold” rating on shares of Sherwin-Williams in a research report on Sunday, January 28th. One equities 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 given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $436.20.
A number of institutional investors and hedge funds have recently bought and sold shares of SHW. Janus Henderson Group PLC lifted its position in Sherwin-Williams by 27.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after acquiring an additional 288,492 shares in the last quarter. Principal Financial Group Inc. lifted its position in Sherwin-Williams by 30.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares in the last quarter. Atlantic Trust Group LLC bought a new stake in Sherwin-Williams in the 3rd quarter valued at $87,798,000. Fred Alger Management Inc. lifted its position in Sherwin-Williams by 57.3% in the 4th quarter. Fred Alger Management Inc. now owns 640,717 shares of the specialty chemicals company’s stock valued at $262,720,000 after acquiring an additional 233,329 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Sherwin-Williams by 87.6% in the 4th quarter. Alliancebernstein L.P. now owns 417,913 shares of the specialty chemicals company’s stock valued at $171,361,000 after acquiring an additional 195,137 shares in the last quarter. 74.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sherwin-Williams (NYSE SHW) opened at $401.03 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 2.68. 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 cap of $36,948.96, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 1.77 and a beta of 1.17.
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 given a $0.86 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, February 23rd. Sherwin-Williams’s payout ratio is currently 18.48%.
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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