Stock Earnings Alert: PPG Industries, Inc. (NYSE:PPG)

PPG Industries, Inc. (NYSE:PPG) reported earnings for the three months ended Mar2016 on April 21, 2016. The company earned $1.31 per share on revenue of $3.67B. Analysts had been modeling earning per share of $1.3 with $3.67B in revenue.


PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. It operates in three segments: Performance Coatings, Industrial Coatings, and Glass. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical management services. This segment also offers protective and marine coatings and finishes for the protection of metals and structures to metal fabricators and heavy duty maintenance contractors, as well as to the manufacturers of ships, bridges, and rail cars; architectural coatings used by painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and purchased sundries to painting contractors and consumers.


PPG Industries, Inc. earnings per share showed an increasing trend of 30.5% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 699%.Analysts project EPS growth over the next 5 years at 9.84%. It has EPS annual growth over the past 5 fiscal years of 17.2% when sales grew 2.7. It reported 0.3% sales growth, and 10.6% EPS growth in the last quarter.


The stock is trading at $107.68, up 31.29% from 52-week low of $82.93. The stock trades down -7.96% from its peak of $118.69 and 15.16% above the consensus price target of $124. Its volume clocked up at 1.81 million shares which is higher than the average volume of 1.35 million shares. Its market capitalization currently stands at $28.89B.

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