Is it time to Buy before this week’s earning report PPG Industries (NYSE:PPG)

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Earnings results for PPG Industries (NYSE:PPG)

PPG Industries last issued its earnings results on July 18th, 2021. The specialty chemicals company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by $0.25. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.32 billion. Its revenue was up 44.6% compared to the same quarter last year. PPG Industries has generated $5.70 earnings per share over the last year ($6.38 diluted earnings per share) and currently has a price-to-earnings ratio of 24.7. Earnings for PPG Industries are expected to grow by 21.97% in the coming year, from $7.19 to $8.77 per share. PPG Industries has confirmed that its next quarterly earnings report will be published on Wednesday, October 20th, 2021. PPG Industries will be holding an earnings conference call on Thursday, October 21st at 8:00 AM Eastern. Interested parties can or dial in at 412-317-0088 with passcode “10160587”.

Analyst Opinion on PPG Industries (NYSE:PPG)

According to the issued ratings of 20 analysts in the last year, the consensus rating for PPG Industries stock is Buy based on the current 4 hold ratings and 16 buy ratings for PPG. The average twelve-month price target for PPG Industries is $175.43 with a high price target of $193.00 and a low price target of $145.00.

on PPG’s analyst rating history

PPG Industries has received a consensus rating of Buy. The company’s average rating score is 2.80, and is based on 16 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $175.43, PPG Industries has a forecasted upside of 11.5% from its current price of $157.40. PPG Industries has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: PPG Industries (NYSE:PPG)

PPG Industries pays a meaningful dividend of 1.47%, higher than the bottom 25% of all stocks that pay dividends. PPG Industries has been increasing its dividend for 50 years. The dividend payout ratio of PPG Industries is 41.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PPG Industries will have a dividend payout ratio of 26.91% next year. This indicates that PPG Industries will be able to sustain or increase its dividend.

Insiders buying/selling: PPG Industries (NYSE:PPG)

In the past three months, PPG Industries insiders have not sold or bought any company stock. Only 0.43% of the stock of PPG Industries is held by insiders. 78.88% of the stock of PPG Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of PPG Industries (NYSE:PPG

Earnings for PPG Industries are expected to grow by 21.97% in the coming year, from $7.19 to $8.77 per share. The P/E ratio of PPG Industries is 24.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.08. The P/E ratio of PPG Industries is 24.67, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 16.22. PPG Industries has a PEG Ratio of 1.00. PEG Ratios around 1 indicate that a company is correctly valued. PPG Industries has a P/B Ratio of 6.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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