PPG Industries (NYSE:PPG) Posts Earnings Results, Beats Estimates By $0.13 EPS

PPG Industries (NYSE:PPG) released its quarterly earnings results on Tuesday. The specialty chemicals company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.13, FiscalAI reports. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.28 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 EPS.

PPG Industries Stock Up 1.0%

PPG Industries stock traded up $1.19 during trading hours on Thursday, hitting $119.63. The stock had a trading volume of 485,251 shares, compared to its average volume of 1,978,470. The stock’s 50-day moving average price is $108.51 and its 200-day moving average price is $112.35. The stock has a market capitalization of $26.59 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. PPG Industries has a 12-month low of $93.39 and a 12-month high of $133.43. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Tuesday, November 10th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, November 10th. PPG Industries’s payout ratio is currently 42.41%.

PPG Industries News Summary

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Q3 results exceeded expectations: PPG reported adjusted earnings of $2.25 per share, above the $2.12–$2.13 analyst consensus, while revenue rose 6.6% year over year to $4.35 billion, beating estimates of approximately $4.28 billion. PPG Industries Reports Third-Quarter Earnings
• Positive Sentiment: Aerospace and operating execution supported growth: The earnings beat was driven by strength in aerospace, along with higher prices and volumes, signaling continued demand and improved pricing realization in key businesses. PPG Q3 Earnings Beat Estimates
• Positive Sentiment: Full-year outlook improved: PPG projected adjusted 2026 earnings of $7.90 to $8.10 per share and expects fourth-quarter EBITDA margin to improve by as much as 100 basis points. The company also described third-quarter EPS as a record, supporting confidence in its earnings trajectory. PPG Raises Earnings Outlook
• Positive Sentiment: Analysts raised price targets: KeyBanc increased its target to $131, Wells Fargo raised its target to $135 from $130, and Bernstein lifted its target to $137 from $136, reflecting improved expectations following the results. KeyBanc Raises PPG Price Target
• Neutral Sentiment: Technical momentum improved: PPG shares crossed above their 200-day moving average, a potentially constructive technical signal, although some commentary questioned whether the move represented a selling opportunity after the recent advance. PPG Shares Cross Above 200-Day Moving Average

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PPG shares. Citigroup reduced their price target on shares of PPG Industries from $121.00 to $118.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Sanford C. Bernstein restated an “outperform” rating and set a $136.00 price target on shares of PPG Industries in a research report on Thursday, September 24th. KeyCorp boosted their price objective on PPG Industries from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of PPG Industries in a report on Monday, September 14th. Finally, Wells Fargo & Company boosted their price objective on shares of PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.35.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.