Sherwin-Williams Co (SHW) Expected to Earn Q1 2018 Earnings of $2.79 Per Share

Sherwin-Williams Co (NYSE:SHW) – Analysts at Northcoast Research issued their Q1 2018 earnings estimates for Sherwin-Williams in a report released on Monday. Northcoast Research analyst C. Cerankosky anticipates that the specialty chemicals company will post earnings of $2.79 per share for the quarter. Northcoast Research currently has a “Buy” rating and a $435.00 price target on the stock. Northcoast Research also issued estimates for Sherwin-Williams’ Q2 2018 earnings at $5.61 EPS, Q3 2018 earnings at $6.10 EPS, Q4 2018 earnings at $4.03 EPS, FY2018 earnings at $18.53 EPS and FY2019 earnings at $21.58 EPS.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm posted $2.15 EPS. The company’s revenue for the quarter was up 43.0% compared to the same quarter last year.

SHW has been the subject of several other research reports. Barclays restated a “hold” rating on shares of Sherwin-Williams in a report on Sunday. Robert W. Baird restated a “buy” rating and issued a $475.00 price target on shares of Sherwin-Williams in a report on Wednesday, January 10th. KeyCorp reissued a “buy” rating and set a $500.00 target price (up previously from $465.00) on shares of Sherwin-Williams in a research report on Monday. They noted that the move was a valuation call. Royal Bank of Canada lifted their price objective on shares of Sherwin-Williams to $485.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Zacks Investment Research cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Sherwin-Williams currently has an average rating of “Buy” and an average target price of $433.74.

Shares of Sherwin-Williams (SHW) opened at $417.11 on Tuesday. Sherwin-Williams has a twelve month low of $300.17 and a twelve month high of $435.15. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.67. The company has a market cap of $39,403.02, a PE ratio of 29.08, a PEG ratio of 1.90 and a beta of 1.22.

A number of hedge funds have recently made changes to their positions in SHW. Tower Research Capital LLC TRC acquired a new stake in shares of Sherwin-Williams during the second quarter worth about $100,000. Spectrum Management Group Inc. acquired a new stake in shares of Sherwin-Williams during the third quarter worth about $162,000. BTIM Corp. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth about $202,000. Chemung Canal Trust Co. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth about $204,000. Finally, New England Research & Management Inc. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth about $205,000. 75.88% of the stock is owned by institutional investors.

In other news, insider Robert J. Davisson sold 8,800 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the completion of the sale, the insider now owns 14,812 shares of the company’s stock, valued at $5,777,716.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert J. Wells sold 2,946 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the completion of the sale, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at approximately $7,512,486.93. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock valued at $5,969,846 over the last 90 days. 1.69% of the stock is currently owned by company insiders.

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About Sherwin-Williams

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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