PPG Industries (NYSE:PPG – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 7.700-8.100 for the period, compared to the consensus estimate of 7.890. The company issued revenue guidance of -.
PPG Industries Stock Performance
Shares of PPG Industries stock traded down $0.69 on Thursday, hitting $111.14. The stock had a trading volume of 355,685 shares, compared to its average volume of 2,103,540. PPG Industries has a twelve month low of $93.39 and a twelve month high of $133.43. The business’s 50 day moving average is $116.58 and its two-hundred day moving average is $113.60. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The stock has a market cap of $24.77 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.75 and a beta of 1.05.
PPG Industries (NYSE:PPG – Get Free Report) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.39%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts forecast that PPG Industries will post 7.93 EPS for the current year.
PPG Industries Increases Dividend
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on PPG. JPMorgan Chase & Co. cut their target price on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. BNP Paribas Exane upped their price objective on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Bank of America upgraded shares of PPG Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $127.00 to $134.00 in a report on Friday, July 17th. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Finally, Wells Fargo & Company dropped their price target on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $126.13.
Get Our Latest Stock Report on PPG
Institutional Investors Weigh In On PPG Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can grew its stake in 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 valued at $136,754,000 after acquiring an additional 958,580 shares in the last quarter. State Street Corp boosted its stake in PPG Industries by 4.6% during the fourth 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 raised its holdings in shares of PPG Industries by 15.7% in 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 acquiring an additional 535,095 shares in the last quarter. AQR Capital Management LLC increased its position in shares of PPG Industries by 453.0% in the second quarter. AQR Capital Management LLC now owns 647,886 shares of the specialty chemicals company’s stock worth $73,632,000 after purchasing an additional 530,732 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted 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 purchasing an additional 337,144 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.
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.
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