Sherwin-Williams (NYSE:SHW) Updates FY19 Earnings Guidance

Sherwin-Williams (NYSE:SHW) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $20.40-21.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $21.08. The company issued revenue guidance of +4-7% to $18.23-18.75 billion, compared to the consensus revenue estimate of $18.40 billion.

A number of research firms have recently issued reports on SHW. Robert W. Baird reissued an outperform rating and issued a $480.00 price target (up from $450.00) on shares of Sherwin-Williams in a research note on Friday, February 1st. Evercore ISI began coverage on shares of Sherwin-Williams in a research note on Wednesday, March 20th. They issued an outperform rating and a $495.00 price target on the stock. KeyCorp boosted their price target on shares of Sherwin-Williams from $450.00 to $485.00 and gave the company an overweight rating in a research note on Friday, February 22nd. Barclays reissued a hold rating and issued a $410.00 price target on shares of Sherwin-Williams in a research note on Thursday, January 17th. Finally, Zacks Investment Research downgraded shares of Sherwin-Williams from a hold rating to a sell rating in a research note on Monday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. Sherwin-Williams presently has a consensus rating of Buy and an average price target of $480.05.

Shares of Sherwin-Williams stock traded up $2.40 during trading hours on Friday, hitting $435.68. The company had a trading volume of 458,600 shares, compared to its average volume of 641,136. The stock has a market cap of $39.78 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.78 and a beta of 1.26. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 2.52. Sherwin-Williams has a twelve month low of $355.28 and a twelve month high of $479.64.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.63 by ($0.03). The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.09 billion. Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.57 EPS. On average, analysts forecast that Sherwin-Williams will post 21.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 24.39%.

In other Sherwin-Williams news, insider Robert F. Lynch sold 6,984 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the completion of the transaction, the insider now owns 13,855 shares in the company, valued at approximately $5,965,131.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jane M. Cronin sold 1,344 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $441.24, for a total transaction of $593,026.56. Following the transaction, the senior vice president now owns 4,078 shares of the company’s stock, valued at approximately $1,799,376.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,949 shares of company stock valued at $6,946,680. 0.50% of the stock is owned by company insiders.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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