Brokers Offer Predictions for PPG Industries Q3 Earnings

PPG Industries, Inc. (NYSE:PPG) – Research analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for PPG Industries in a note issued to investors on Tuesday, August 11th. Zacks Research analyst Team now expects that the specialty chemicals company will earn $2.13 per share for the quarter, down from their prior estimate of $2.15. The consensus estimate for PPG Industries’ current full-year earnings is $7.89 per share. Zacks Research also issued estimates for PPG Industries’ Q4 2026 earnings at $1.69 EPS, FY2026 earnings at $7.88 EPS, Q1 2027 earnings at $1.86 EPS, Q2 2027 earnings at $2.41 EPS, Q3 2027 earnings at $2.39 EPS, Q4 2027 earnings at $2.02 EPS, FY2027 earnings at $8.67 EPS, Q1 2028 earnings at $2.10 EPS, Q2 2028 earnings at $2.76 EPS and FY2028 earnings at $9.34 EPS.

Several other brokerages have also weighed in on PPG. Citigroup decreased their target price on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Mizuho raised their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. BMO Capital Markets lowered their price objective on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Finally, Wall Street Zen lowered PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.00.

PPG Industries Trading Up 0.6%

Shares of PPG stock opened at $116.13 on Wednesday. The firm has a fifty day moving average of $117.48 and a 200-day moving average of $114.01. The stock has a market cap of $25.82 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.68 and a beta of 1.07. PPG Industries has a 52-week low of $93.39 and a 52-week high of $133.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS.

Institutional Trading of PPG Industries

Hedge funds have recently modified their holdings of the company. Nvest Wealth Strategies Inc. acquired a new position in shares of PPG Industries during the fourth quarter valued at $505,000. Cooke & Bieler LP increased its position in PPG Industries by 16.7% in the fourth quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock worth $165,644,000 after purchasing an additional 231,537 shares during the period. Equity Investment Corp increased its position in PPG Industries by 3.4% in the fourth quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock worth $101,981,000 after purchasing an additional 32,337 shares during the period. Entropy Technologies LP raised its holdings in PPG Industries by 80.2% during the 4th quarter. Entropy Technologies LP now owns 61,784 shares of the specialty chemicals company’s stock worth $6,330,000 after purchasing an additional 27,493 shares during the last quarter. Finally, North Dakota State Investment Board bought a new stake in PPG Industries during the 4th quarter worth about $1,393,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 2.5%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is presently 42.41%.

Key Stories Impacting PPG Industries

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Zacks raised its FY2027 EPS forecast to $8.67 from $8.54, and increased Q3 2027 EPS to $2.39 from $2.19. Analysts also lifted Q1 2027 EPS to $1.86 from $1.85, Q4 2027 EPS to $2.02 from $1.91, and Q1 2028 EPS to $2.10 from $2.08. These revisions indicate stronger anticipated earnings momentum beyond 2026. PPG Industries stock information
• Neutral Sentiment: Zacks maintained estimates for several periods, including Q3 2026 EPS at $2.13, Q2 2027 EPS at $2.41, and FY2028 EPS at $9.34. Its FY2026 forecast of $7.88 is essentially aligned with the $7.89 consensus estimate, suggesting no major change to the overall earnings outlook.
• Negative Sentiment: Analysts lowered Q3 2026 EPS to $2.13 from $2.15, Q4 2026 EPS to $1.69 from $1.73, FY2026 EPS to $7.88 from $7.93, Q2 2027 EPS to $2.41 from $2.59, and FY2028 EPS to $9.34 from $9.41. The cuts could reinforce concerns about near-term operating challenges and limit upside despite the longer-term upgrades.

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.