Sherwin-Williams Co (SHW) Expected to Announce Quarterly Sales of $4.80 Billion

Equities research analysts predict that Sherwin-Williams Co (NYSE:SHW) will post $4.80 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sherwin-Williams’ earnings, with estimates ranging from $4.71 billion to $4.88 billion. Sherwin-Williams reported sales of $4.51 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The company is expected to announce its next earnings report on Tuesday, October 23rd.

According to Zacks, analysts expect that Sherwin-Williams will report full year sales of $17.79 billion for the current year, with estimates ranging from $17.63 billion to $17.92 billion. For the next fiscal year, analysts forecast that the firm will report sales of $18.77 billion per share, with estimates ranging from $18.58 billion to $18.91 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sherwin-Williams.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 24th. The specialty chemicals company reported $5.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.59 by $0.14. The firm had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.65 billion. Sherwin-Williams had a net margin of 10.84% and a return on equity of 46.61%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.52 earnings per share.

A number of equities analysts have issued reports on SHW shares. Royal Bank of Canada restated a “buy” rating and set a $485.00 target price on shares of Sherwin-Williams in a research report on Wednesday. Credit Suisse Group lifted their target price on shares of Sherwin-Williams from $457.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Co restated a “market perform” rating and set a $450.00 target price (up previously from $410.00) on shares of Sherwin-Williams in a research report on Wednesday. Barclays cut their target price on shares of Sherwin-Williams from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 25th. Finally, Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $428.00 target price for the company in a research report on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus target price of $458.30.

Sherwin-Williams traded down $5.26, reaching $443.77, during midday trading on Monday, according to Marketbeat.com. 827,557 shares of the company’s stock were exchanged, compared to its average volume of 689,703. The company has a current ratio of 1.21, a quick ratio of 0.67 and a debt-to-equity ratio of 2.58. The stock has a market cap of $40.91 billion, a P/E ratio of 31.10, a PEG ratio of 1.90 and a beta of 1.14. Sherwin-Williams has a 1-year low of $326.68 and a 1-year high of $450.83.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 17th will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, August 16th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.78%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.11%.

Several hedge funds and other institutional investors have recently modified their holdings of SHW. Summit Trail Advisors LLC grew its stake in Sherwin-Williams by 37,388.4% during the first quarter. Summit Trail Advisors LLC now owns 113,215 shares of the specialty chemicals company’s stock worth $113,000 after buying an additional 112,913 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in Sherwin-Williams by 129.4% in the first quarter. Prime Capital Investment Advisors LLC now owns 500 shares of the specialty chemicals company’s stock valued at $196,000 after acquiring an additional 282 shares in the last quarter. BTIM Corp. acquired a new stake in Sherwin-Williams in the second quarter valued at $201,000. New England Research & Management Inc. acquired a new stake in Sherwin-Williams in the second quarter valued at $204,000. Finally, S. R. Schill & Associates acquired a new stake in Sherwin-Williams in the second quarter valued at $204,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Sherwin-Williams Company Profile

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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