PPG Industries (NYSE:PPG – Get Free Report) issued its quarterly earnings results on Wednesday. The specialty chemicals company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.02), Briefing.com reports. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.66 billion. PPG Industries had a return on equity of 23.57% and a net margin of 7.98%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.07 earnings per share. PPG Industries updated its FY 2024 guidance to 8.150-8.150 EPS.
PPG Industries Price Performance
PPG traded down $0.21 during trading on Friday, reaching $131.15. 346,535 shares of the stock were exchanged, compared to its average volume of 1,592,547. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.49 and a quick ratio of 1.05. The company has a market capitalization of $30.75 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 1.72 and a beta of 1.26. PPG Industries has a 1 year low of $118.07 and a 1 year high of $151.16. The business’s 50 day moving average price is $126.97 and its two-hundred day moving average price is $129.27.
PPG Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.07%. PPG Industries’s payout ratio is currently 45.95%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on PPG
About PPG Industries
PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.
Featured Articles
- Five stocks we like better than PPG Industries
- What Are Dividend Contenders? Investing in Dividend Contenders
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- Airline Stocks – Top Airline Stocks to Buy Now
- Analysts See Growth in CrowdStrike Stock Despite July Setback
- Differences Between Momentum Investing and Long Term Investing
- The Uptrend in Netflix Will Continue: Another 15% Upside Ahead
Receive News & Ratings for PPG Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPG Industries and related companies with MarketBeat.com's FREE daily email newsletter.