Brokerages Expect Sherwin-Williams (SHW) to Announce $3.13 EPS

Equities analysts expect Sherwin-Williams (NYSE:SHW) to post earnings of $3.13 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Sherwin-Williams’ earnings, with the lowest EPS estimate coming in at $2.79 and the highest estimate coming in at $3.40. Sherwin-Williams reported earnings of $2.27 per share during the same quarter last year, which suggests a positive year over year growth rate of 37.9%. The business is scheduled to report its next earnings results before the market opens on Tuesday, April 24th.

On average, analysts expect that Sherwin-Williams will report full year earnings of $19.09 per share for the current financial year, with EPS estimates ranging from $18.95 to $19.40. For the next fiscal year, analysts forecast that the company will report earnings of $21.71 per share, with EPS estimates ranging from $20.16 to $22.77. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sherwin-Williams.

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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 Thomson Reuters’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the business posted $2.15 earnings per share. Sherwin-Williams’s revenue was up 43.0% on a year-over-year basis.

A number of research analysts have weighed in on the stock. Barclays reaffirmed a “hold” rating on shares of Sherwin-Williams in a research report on Sunday, January 28th. Robert W. Baird reaffirmed a “buy” rating and set a $475.00 price target on shares of Sherwin-Williams in a research report on Wednesday, January 10th. KeyCorp reaffirmed 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. Royal Bank of Canada lifted their price target on shares of Sherwin-Williams to $485.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, Zacks Investment Research cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Sherwin-Williams presently has a consensus rating of “Buy” and an average target price of $435.33.

Shares of SHW traded down $1.22 during mid-day trading on Friday, hitting $385.43. The company had a trading volume of 578,853 shares, compared to its average volume of 528,610. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.12. Sherwin-Williams has a 1-year low of $309.03 and a 1-year high of $435.15. The stock has a market capitalization of $36,342.70, a PE ratio of 27.01, a P/E/G ratio of 1.73 and a beta of 1.17.

In other news, insider Peter J. Ippolito sold 750 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $409.26, for a total transaction of $306,945.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. USA Mutuals Advisors Inc. bought a new stake in shares of Sherwin-Williams in the fourth quarter worth $106,000. BTIM Corp. bought a new stake in shares of Sherwin-Williams in the fourth quarter worth $202,000. Chemung Canal Trust Co. bought a new stake in shares of Sherwin-Williams in the fourth quarter worth $204,000. New England Research & Management Inc. bought a new stake in shares of Sherwin-Williams in the fourth quarter worth $205,000. Finally, S. R. Schill & Associates bought a new stake in shares of Sherwin-Williams in the fourth quarter worth $205,000. Institutional investors own 75.46% of the company’s stock.

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About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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