Sherwin-Williams Company (The) to Post Q4 2017 Earnings of $3.24 Per Share, Northcoast Research Forecasts (SHW)

Sherwin-Williams Company (The) (NYSE:SHW) – Equities research analysts at Northcoast Research raised their Q4 2017 earnings estimates for shares of Sherwin-Williams Company (The) in a research report issued on Tuesday. Northcoast Research analyst C. Cerankosky now forecasts that the specialty chemicals company will earn $3.24 per share for the quarter, up from their prior forecast of $3.04. Northcoast Research currently has a “Buy” rating and a $435.00 price objective on the stock. Northcoast Research also issued estimates for Sherwin-Williams Company (The)’s FY2018 earnings at $17.88 EPS.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.23 earnings per share. TRADEMARK VIOLATION NOTICE: This piece of content was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/02/sherwin-williams-company-the-to-post-q4-2017-earnings-of-3-24-per-share-northcoast-research-forecasts-shw.html.

A number of other analysts also recently issued reports on SHW. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Wells Fargo & Company reiterated a “market perform” rating and issued a $400.00 price objective (up previously from $360.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, October 25th. Royal Bank Of Canada reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, September 20th. Robert W. Baird reiterated a “buy” rating and issued a $375.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, September 29th. Finally, Zacks Investment Research cut shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Sherwin-Williams Company (The) currently has a consensus rating of “Buy” and an average price target of $395.62.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, November 16th. Sherwin-Williams Company (The)’s payout ratio is 29.90%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its stake in Sherwin-Williams Company (The) by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock worth $542,000 after acquiring an additional 4 shares during the period. BRYN MAWR TRUST Co grew its holdings in Sherwin-Williams Company (The) by 0.7% during the 2nd quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock valued at $361,000 after buying an additional 7 shares in the last quarter. Dynamic Advisors Solutions LLC grew its holdings in Sherwin-Williams Company (The) by 1.2% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock valued at $240,000 after buying an additional 8 shares in the last quarter. IFP Advisors Inc grew its holdings in Sherwin-Williams Company (The) by 0.5% during the 2nd quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock valued at $599,000 after buying an additional 9 shares in the last quarter. Finally, Valmark Advisers Inc. grew its holdings in Sherwin-Williams Company (The) by 0.3% during the 2nd quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock valued at $1,288,000 after buying an additional 10 shares in the last quarter. Institutional investors own 73.88% of the company’s stock.

About Sherwin-Williams Company (The)

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.

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

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