Wall Street brokerages expect Sherwin-Williams Co (NYSE:SHW) to report $4.00 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Sherwin-Williams’ earnings. The lowest sales estimate is $3.96 billion and the highest is $4.05 billion. Sherwin-Williams reported sales of $2.76 billion during the same quarter last year, which indicates a positive year over year growth rate of 44.9%. The business is expected to announce its next earnings report on Thursday, April 19th.
According to Zacks, analysts expect that Sherwin-Williams will report full year sales of $4.00 billion for the current fiscal year, with estimates ranging from $17.37 billion to $18.17 billion. For the next fiscal year, analysts forecast that the business will report sales of $18.67 billion per share, with estimates ranging from $18.47 billion to $19.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Sherwin-Williams.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the company posted $2.15 earnings per share. The business’s revenue for the quarter was up 43.0% compared to the same quarter last year.
Several analysts recently commented on SHW shares. Robert W. Baird reissued a “buy” rating and set a $425.00 price objective on shares of Sherwin-Williams in a research report on Friday, November 10th. Moffett Nathanson started coverage on shares of Sherwin-Williams in a research report on Monday, December 4th. They set a “buy” rating on the stock. Royal Bank of Canada reissued a “buy” rating and set a $455.00 price objective on shares of Sherwin-Williams in a research report on Thursday, December 14th. Raymond James Financial started coverage on shares of Sherwin-Williams in a research report on Tuesday, December 19th. They set a “strong-buy” rating and a $496.00 price objective on the stock. Finally, Deutsche Bank started coverage on shares of Sherwin-Williams in a research report on Friday, December 22nd. They set a “hold” rating and a $420.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $436.20.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Sherwin-Williams by 0.7% in the 4th quarter. BlackRock Inc. now owns 5,585,972 shares of the specialty chemicals company’s stock worth $2,290,471,000 after purchasing an additional 41,384 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Sherwin-Williams by 27.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after purchasing an additional 288,492 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Sherwin-Williams by 30.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock worth $378,558,000 after purchasing an additional 247,553 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sherwin-Williams by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 914,472 shares of the specialty chemicals company’s stock worth $374,223,000 after purchasing an additional 26,623 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Sherwin-Williams by 9.6% in the 3rd quarter. Wells Fargo & Company MN now owns 738,780 shares of the specialty chemicals company’s stock worth $264,514,000 after purchasing an additional 64,841 shares during the period. Hedge funds and other institutional investors own 74.22% of the company’s stock.
Shares of Sherwin-Williams (NYSE SHW) opened at $401.03 on Wednesday. Sherwin-Williams has a 1 year low of $305.70 and a 1 year high of $435.15. The company has a market cap of $36,948.96, a PE ratio of 21.55, a P/E/G ratio of 1.77 and a beta of 1.17. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.12.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.86 per share. The ex-dividend date is Friday, February 23rd. This represents a $3.44 annualized dividend and a yield of 0.86%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s dividend payout ratio is currently 18.48%.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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