The Sherwin-Williams Company (NYSE:SHW) specialty chemicals manufacturer, is reporting third quarter earnings results on Tuesday 27th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 7.75 per share.
For the full year, analysts predict revenues of $ 18090.20 million, while looking forward to income of $ 23.50 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 5,014.00 million ~ $ 5,111.00 million
Full Year 2020 topline are forecasted in a range of$ 18,259.00 million ~ $ 18,617.00 million, where as bottomline are predicted in a range of $ 23.50 ~ $ 24.00 per share
Click Here For More Historical Outlooks Of The Sherwin-Williams Company
Previous Quarter Performance
The Sherwin-Williams Company unwinded income for the second quarter of $ 7.10 per share, from the revenue of $ 4,604.00 million. The quarterly earnings raised 8.07 percent while revenues fell 6.81 percent compared with the same quarter last year.
According to street consensus, SHW was expected to report 2Q20 income of $ 5.85 per share from revenue of $ 4575.86 million. The bottom line results beat street analysts by $ 1.25 or 21.37 percent, at the same time, top line results outshined analysts by $ 28.14 million or 0.61 percent.
Stock Performance
Shares of The Sherwin-Williams Company traded up $ 5.31 or 0.78 percent on Friday, reaching $ 683.31 with volume of 361.70 thousand shares. The Sherwin-Williams Company has traded high as $ 685.05 and has cracked $ 673.72 on the downward trend
According to the previous trading day, closing price of $ 683.31, representing a 108.34 % increase from the 52 week low of $ 325.43 and a 6.6 % decrease over the 52 week high of $ 725.91.
The company has a market capital of $ 62.22 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by UBS Group at Neutral rating, with $ 705.00 target price.
- On 30th September 2020, maintained by Credit Suisse Group at Outperform rating, with $ 765.00 target price.
- On 24th September 2020, maintained by Loop Capital at Buy rating, with $ 795.00 target price.
- On 9th September 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating, with $ 790.00 target price.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 1.34 per share to holders of record as of the close of business on August 21, 2020, with payment date of September 11, 2020 and ex-dividend date on August 20, 2020.
Conference Call
The Sherwin-Williams Company will be hosting a conference call at 11:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sherwin-williams.com
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.
