PPG Industries Inc. (NYSE:PPG) is set to post its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect PPG Industries to post earnings of $1.71 per share and revenue of $3.83 billion for the quarter.

PPG Industries (NYSE:PPG) last posted its earnings results on Thursday, July 21st. The company reported $1.85 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.85. The business earned $4.10 billion during the quarter, compared to analyst estimates of $4.17 billion. PPG Industries had a return on equity of 30.94% and a net margin of 9.57%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. On average, analysts expect PPG Industries to post $6.17 EPS for the current fiscal year and $6.80 EPS for the next fiscal year.

Earnings History for PPG Industries (NYSE:PPG)

Shares of PPG Industries Inc. (NYSE:PPG) opened at 92.66 on Tuesday. The firm has a 50 day moving average price of $101.25 and a 200-day moving average price of $106.21. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 17.12 and a beta of 1.47. PPG Industries Inc. has a 12-month low of $88.37 and a 12-month high of $117.00.

In related news, VP Timothy M. Knavish sold 9,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $104.08, for a total transaction of $967,944.00. Following the transaction, the vice president now directly owns 11,806 shares in the company, valued at approximately $1,228,768.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Viktoras R. Sekmakas sold 40,950 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $106.64, for a total value of $4,366,908.00. Following the transaction, the insider now owns 69,044 shares in the company, valued at $7,362,852.16. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

A number of institutional investors have recently bought and sold shares of PPG. FMR LLC raised its position in PPG Industries by 2.5% in the second quarter. FMR LLC now owns 16,985,838 shares of the company’s stock valued at $1,769,075,000 after buying an additional 409,325 shares during the last quarter. BlackRock Fund Advisors raised its position in PPG Industries by 7.9% in the second quarter. BlackRock Fund Advisors now owns 3,318,625 shares of the company’s stock valued at $345,635,000 after buying an additional 242,377 shares during the last quarter. American Century Companies Inc. raised its position in PPG Industries by 33.5% in the second quarter. American Century Companies Inc. now owns 1,736,674 shares of the company’s stock valued at $180,875,000 after buying an additional 435,308 shares during the last quarter. Teachers Advisors Inc. raised its position in PPG Industries by 7.5% in the second quarter. Teachers Advisors Inc. now owns 1,065,030 shares of the company’s stock valued at $110,923,000 after buying an additional 74,287 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in PPG Industries by 3.8% in the second quarter. APG Asset Management N.V. now owns 746,945 shares of the company’s stock valued at $77,794,000 after buying an additional 27,300 shares during the last quarter. Institutional investors and hedge funds own 73.01% of the company’s stock.

A number of brokerages recently issued reports on PPG. Goldman Sachs Group Inc. reissued a “buy” rating and set a $111.00 price objective (down previously from $119.00) on shares of PPG Industries in a report on Thursday, October 13th. RBC Capital Markets reissued an “outperform” rating and set a $106.00 price objective (down previously from $125.00) on shares of PPG Industries in a report on Wednesday, October 12th. JPMorgan Chase & Co. set a $110.00 price objective on PPG Industries and gave the stock a “buy” rating in a report on Monday, October 10th. Citigroup Inc. dropped their price objective on PPG Industries from $131.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, October 11th. Finally, Royal Bank Of Canada dropped their price objective on PPG Industries from $125.00 to $106.00 and set an “outperform” rating on the stock in a report on Tuesday, October 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $115.46.

About PPG Industries

PPG Industries, Inc (PPG) manufactures and distributes a range of coatings, specialty materials and glass products. PPG operates through three business segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses.

5 Day Chart for NYSE:PPG

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