Seaport Res Ptn Expects Weaker Earnings for PPG Industries

PPG Industries, Inc. (NYSE:PPG) – Research analysts at Seaport Res Ptn cut their Q1 2025 earnings per share (EPS) estimates for PPG Industries in a report released on Wednesday, March 5th. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will post earnings of $1.53 per share for the quarter, down from their prior estimate of $1.54. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for PPG Industries’ current full-year earnings is $7.95 per share. Seaport Res Ptn also issued estimates for PPG Industries’ Q2 2025 earnings at $2.24 EPS, Q3 2025 earnings at $2.12 EPS, FY2025 earnings at $7.71 EPS and FY2026 earnings at $8.62 EPS.

A number of other equities analysts have also recently weighed in on PPG. KeyCorp cut PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. The Goldman Sachs Group dropped their target price on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered PPG Industries from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $145.00 to $115.00 in a research note on Wednesday, February 12th. Mizuho dropped their target price on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com lowered PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, PPG Industries presently has an average rating of “Hold” and a consensus price target of $138.15.

PPG Industries Stock Performance

NYSE PPG opened at $115.39 on Thursday. PPG Industries has a fifty-two week low of $109.15 and a fifty-two week high of $145.61. The stock has a market cap of $26.19 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The business has a fifty day moving average of $116.92 and a 200-day moving average of $122.82. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%.

Institutional Investors Weigh In On PPG Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. PUREfi Wealth LLC purchased a new stake in shares of PPG Industries in the fourth quarter worth about $279,000. PFW Advisors LLC purchased a new stake in shares of PPG Industries in the fourth quarter worth about $868,000. Equity Investment Corp boosted its position in shares of PPG Industries by 7.0% in the third quarter. Equity Investment Corp now owns 649,301 shares of the specialty chemicals company’s stock worth $86,006,000 after buying an additional 42,380 shares during the period. JGP Wealth Management LLC purchased a new stake in shares of PPG Industries in the fourth quarter worth about $4,050,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of PPG Industries by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,571,753 shares of the specialty chemicals company’s stock worth $340,654,000 after buying an additional 15,161 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Insider Transactions at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the sale, the chief executive officer now owns 35,833 shares of the company’s stock, valued at $4,240,835.55. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.55% of the company’s stock.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a yield of 2.36%. PPG Industries’s dividend payout ratio is presently 57.51%.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.