PPG Industries (NYSE:PPG) Releases Earnings Results, Misses Expectations By $0.02 EPS

by · The Markets Daily

PPG Industries (NYSE:PPG – Get Free Report) posted its quarterly earnings data on Tuesday. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.02), FiscalAI reports. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries updated its FY 2026 guidance to 7.700-8.100 EPS.

PPG Industries Stock Performance

PPG Industries stock traded up $0.46 during trading hours on Tuesday, hitting $118.93. The stock had a trading volume of 3,709,323 shares, compared to its average volume of 2,102,676. The company has a 50-day moving average of $116.08 and a two-hundred day moving average of $113.44. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. PPG Industries has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The company has a market cap of $26.51 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05.

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 issued a $0.74 dividend. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 annualized dividend and a yield of 2.5%. PPG Industries’s payout ratio is currently 42.23%.

Institutional Trading of PPG Industries

A number of institutional investors and hedge funds have recently modified their holdings of PPG. Quarry LP bought a new position in PPG Industries in the third quarter worth $26,000. Resources Management Corp CT ADV boosted its stake in PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in PPG Industries in the 4th quarter valued at $30,000. DV Equities LLC acquired a new position in shares of PPG Industries in the 4th quarter valued at $32,000. Finally, Chapman Financial Group LLC bought a new position in shares of PPG Industries during the 2nd quarter worth about $71,000. 81.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PPG has been the subject of a number of recent analyst reports. Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Royal Bank Of Canada increased their price objective on PPG Industries from $119.00 to $129.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group lowered their price objective on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Mizuho boosted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company cut their target price on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, PPG Industries currently has an average rating of “Hold” and a consensus target price of $126.13.

View Our Latest Stock Report on PPG Industries

About PPG Industries

(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.

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