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

Sherwin-Williams (NYSE:SHW) is set to release its earnings data before the market opens on Tuesday, April 23rd. Analysts expect Sherwin-Williams to post earnings of $3.66 per share for the quarter. Sherwin-Williams has set its FY 2019 guidance at $20.40-21.40 EPS and its FY19 guidance at $20.40-$21.40 EPS.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.02). Sherwin-Williams had a net margin of 6.32% and a return on equity of 46.48%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company posted $3.16 earnings per share. On average, analysts expect Sherwin-Williams to post $21 EPS for the current fiscal year and $24 EPS for the next fiscal year.

NYSE:SHW opened at $452.43 on Monday. Sherwin-Williams has a one year low of $355.28 and a one year high of $479.64. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.59 and a current ratio of 1.01. The firm has a market capitalization of $41.93 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 24.39%.

In related news, insider Joel D. Baxter sold 7,621 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $439.15, for a total transaction of $3,346,762.15. Following the completion of the transaction, the insider now owns 10,308 shares in the company, valued at approximately $4,526,758.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Allen J. Mistysyn sold 2,874 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $433.90, for a total transaction of $1,247,028.60. Following the transaction, the senior vice president now owns 10,599 shares of the company’s stock, valued at approximately $4,598,906.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,839 shares of company stock worth $5,186,817. Corporate insiders own 0.50% of the company’s stock.

Several research firms have commented on SHW. Zacks Investment Research raised shares of Sherwin-Williams from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Morgan Stanley increased their target price on shares of Sherwin-Williams from $455.00 to $500.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Credit Suisse Group set a $467.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a research note on Wednesday, January 16th. BMO Capital Markets set a $444.00 target price on shares of Sherwin-Williams and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. Finally, Robert W. Baird reissued an “outperform” rating and set a $480.00 target price (up from $450.00) on shares of Sherwin-Williams in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $466.43.

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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. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Earnings History for Sherwin-Williams (NYSE:SHW)

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