PPG Industries (NYSE:PPG) Updates FY 2026 Earnings Guidance

by · The Markets Daily

PPG Industries (NYSE:PPG – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 7.700-8.100 for the period, compared to the consensus EPS estimate of 7.890. The company issued revenue guidance of -.

Analyst Ratings Changes

PPG has been the topic of a number of analyst reports. Wall Street Zen raised PPG Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $127.00 to $134.00 in a report on Friday, July 17th. UBS Group raised their price objective on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. BMO Capital Markets dropped their price objective on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. cut their target price on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.13.

Check Out Our Latest Analysis on PPG

PPG Industries Stock Up 0.4%

Shares of PPG stock traded up $0.46 during trading hours on Tuesday, hitting $118.93. 3,717,943 shares of the company were exchanged, compared to its average volume of 2,102,676. The stock has a market capitalization of $26.51 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 1.71 and a beta of 1.05. PPG Industries has a one year low of $93.39 and a one year high of $133.43. The business’s 50-day simple moving average is $116.08 and its two-hundred day simple moving average is $113.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61.

PPG Industries (NYSE:PPG – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts predict that PPG Industries will post 7.93 EPS for the current fiscal year.

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be issued a $0.74 dividend. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.5%. PPG Industries’s dividend payout ratio (DPR) is presently 42.23%.

Hedge Funds Weigh In On PPG Industries

A number of hedge funds have recently added to or reduced their stakes in PPG. Bank of Montreal Can raised its holdings in shares of PPG Industries by 254.9% during the fourth quarter. Bank of Montreal Can now owns 1,334,707 shares of the specialty chemicals company’s stock worth $136,754,000 after purchasing an additional 958,580 shares during the period. State Street Corp boosted its holdings in shares of PPG Industries by 4.6% in the 4th quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company’s stock valued at $1,314,529,000 after buying an additional 565,523 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of PPG Industries by 15.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,946,145 shares of the specialty chemicals company’s stock valued at $414,779,000 after buying an additional 535,095 shares during the last quarter. AQR Capital Management LLC grew its position in shares of PPG Industries by 453.0% during the 2nd quarter. AQR Capital Management LLC now owns 647,886 shares of the specialty chemicals company’s stock valued at $73,632,000 after buying an additional 530,732 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in PPG Industries by 223.7% during the fourth quarter. Russell Investments Group Ltd. now owns 487,864 shares of the specialty chemicals company’s stock worth $50,025,000 after acquiring an additional 337,144 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Company Profile

(Get Free Report)

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.

Read More