Sherwin-Williams Co Forecasted to Post FY2020 Earnings of $24.05 Per Share (SHW)

Sherwin-Williams Co (NYSE:SHW) – Stock analysts at Northcoast Research issued their FY2020 earnings per share estimates for Sherwin-Williams in a research note issued to investors on Tuesday, February 12th. Northcoast Research analyst C. Cerankosky expects that the specialty chemicals company will post earnings per share of $24.05 for the year.

Other equities analysts also recently issued reports about the company. Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Friday, January 4th. Deutsche Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the company from $400.00 to $465.00 in a research note on Tuesday, December 4th. Argus set a $480.00 target price on Sherwin-Williams and gave the company a “buy” rating in a research note on Monday, October 29th. Credit Suisse Group decreased their target price on Sherwin-Williams from $500.00 to $467.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, Barclays decreased their target price on Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Friday, October 26th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Sherwin-Williams presently has a consensus rating of “Buy” and a consensus target price of $460.00.

Shares of SHW stock opened at $433.99 on Wednesday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.01 and a quick ratio of 0.59. Sherwin-Williams has a 52 week low of $355.28 and a 52 week high of $479.64. The company has a market capitalization of $39.42 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 1.62 and a beta of 1.29.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the Zacks’ 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 company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $3.16 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Sherwin-Williams by 0.9% during the third quarter. Vanguard Group Inc. now owns 7,104,385 shares of the specialty chemicals company’s stock worth $3,233,988,000 after buying an additional 62,550 shares during the period. Vanguard Group Inc boosted its position in shares of Sherwin-Williams by 0.9% during the third quarter. Vanguard Group Inc now owns 7,104,385 shares of the specialty chemicals company’s stock worth $3,233,988,000 after buying an additional 62,550 shares during the period. BlackRock Inc. boosted its position in shares of Sherwin-Williams by 0.8% during the fourth quarter. BlackRock Inc. now owns 5,429,226 shares of the specialty chemicals company’s stock worth $2,136,182,000 after buying an additional 42,112 shares during the period. FMR LLC lifted its position in Sherwin-Williams by 12.7% in the third quarter. FMR LLC now owns 3,582,597 shares of the specialty chemicals company’s stock worth $1,630,834,000 after purchasing an additional 402,592 shares during the period. Finally, Capital World Investors lifted its position in Sherwin-Williams by 11.5% in the third quarter. Capital World Investors now owns 3,489,339 shares of the specialty chemicals company’s stock worth $1,588,382,000 after purchasing an additional 359,552 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

About Sherwin-Williams

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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