Sherwin-Williams (SHW) Scheduled to Post Earnings on Tuesday

Sherwin-Williams (NYSE:SHW) is scheduled to be announcing its earnings results before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $3.55 per share for the quarter. Sherwin-Williams has set its FY24 guidance at $11.10-11.40 EPS and its FY 2024 guidance at 11.100-11.400 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the firm posted $3.29 earnings per share. Sherwin-Williams’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect Sherwin-Williams to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $384.16 on Tuesday. The stock has a market cap of $96.91 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 2.95 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. Sherwin-Williams has a twelve month low of $232.06 and a twelve month high of $385.25. The company’s fifty day moving average is $366.92 and its 200 day moving average is $332.45.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s payout ratio is presently 29.15%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research reports. Evercore ISI increased their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Barclays lifted their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $370.39.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.