After finishing at $141.60 in the prior trading day, PPG Industries, Inc. (NYSE: PPG) closed at $139.52, down -1.47%. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 1972034 shares were traded.
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Ratios:
Our goal is to gain a better understanding of PPG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.88 whereas as Long-Term Debt/Eq ratio is at 0.81.
On February 27, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $163 to $149.
Redburn Atlantic Downgraded its Buy to Neutral on February 01, 2024, while the target price for the stock was maintained at $160.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 01 when Morales Vincent J sold 3,700 shares for $143.33 per share. The transaction valued at 530,321 led to the insider holds 22,665 shares of the business.
MCGARRY MICHAEL H sold 58,378 shares of PPG for $8,491,397 on Jul 26. The Executive Chairman now owns 195,706 shares after completing the transaction at $145.46 per share. On Jul 25, another insider, MCGARRY MICHAEL H, who serves as the Executive Chairman of the company, sold 105,000 shares for $147.59 each. As a result, the insider received 15,497,353 and left with 254,084 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PPG now has a Market Capitalization of 32.82B and an Enterprise Value of 38.10B. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.07, and their Forward P/E ratio for the next fiscal year is 14.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.80 while its Price-to-Book (P/B) ratio in mrq is 4.19. Its current Enterprise Value per Revenue stands at 2.09 whereas that against EBITDA is 14.93.
Stock Price History:
Over the past 52 weeks, PPG has reached a high of $152.89, while it has fallen to a 52-week low of $120.32. The 50-Day Moving Average of the stock is 143.55, while the 200-Day Moving Average is calculated to be 139.16.
Shares Statistics:
The stock has traded on average 1.79M shares per day over the past 3-months and 1.78M shares per day over the last 10 days, according to various share statistics. A total of 235.21M shares are outstanding, with a floating share count of 234.20M. Insiders hold about 0.45% of the company’s shares, while institutions hold 83.43% stake in the company. Shares short for PPG as of Feb 15, 2024 were 2.72M with a Short Ratio of 1.52, compared to 2.01M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.15% and a Short% of Float of 1.16%.
Dividends & Splits
In the trailing 12 months, PPG’s forward annual dividend rate was 2.54, compared to 2.57 this year. Against a Trailing Annual Dividend Yield of 1.79%, it implies a Forward Annual Dividend Yield of 1.84%. The stock’s 5-year Average Dividend Yield is 1.71. The current Payout Ratio is 47.44% for PPG, which recently paid a dividend on Mar 12, 2024 with an ex-dividend date of Feb 15, 2024. Stock splits for the company last occurred on Jun 15, 2015 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 17 different market analysts. On average, analysts expect EPS of $1.87 for the current quarter, with a high estimate of $1.95 and a low estimate of $1.8, while EPS last year was $1.82. The consensus estimate for the next quarter is $2.55, with high estimates of $2.71 and low estimates of $2.5.
Analysts are recommending an EPS of between $8.98 and $8.31 for the fiscal current year, implying an average EPS of $8.5. EPS for the following year is $9.34, with 22 analysts recommending between $9.88 and $8.84.
Revenue Estimates
15 analysts predict $4.44B in revenue for the current quarter. It ranges from a high estimate of $4.5B to a low estimate of $4.39B. As of the current estimate, PPG Industries, Inc.’s year-ago sales were $4.4B, an estimated increase of 1.00% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $4.99B, an increase of 3.20% over than the figure of $1.00% in the same quarter last year. There is a high estimate of $5.05B for the next quarter, whereas the lowest estimate is $4.87B.
A total of 21 analysts have provided revenue estimates for PPG’s current fiscal year. The highest revenue estimate was $18.9B, while the lowest revenue estimate was $18.45B, resulting in an average revenue estimate of $18.69B. In the same quarter a year ago, actual revenue was $18.25B, up 2.40% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $19.35B in the next fiscal year. The high estimate is $19.78B and the low estimate is $18.93B. The average revenue growth estimate for next year is up 3.50% from the average revenue estimate for this year.
