PPG earnings call for the period ending December 31, 2022. PPG earnings call for the period ending June 30, 2023. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
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provide context on the strength and durability of PPG’s
competitive advantage. QUATTORDIO, Italy–(BUSINESS WIRE)–PPG inaugurates center of excellence in Italy that increases efficiency for automotive color development. These stocks are suffering from near-term headwinds, but long-term growth prospects look good.
Analyst Ratings
Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
PPG Industries, Inc.’s (NYSE:PPG) Intrinsic Value Is Potentially 30% Above Its Share Price – Simply Wall St
PPG Industries, Inc.’s (NYSE:PPG) Intrinsic Value Is Potentially 30% Above Its Share Price.
Posted: Fri, 01 Sep 2023 18:53:04 GMT [source]
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Dividend Strength
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
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Company Profile PPG
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
- If you’ve been keeping an eye on PPG for a while, now might be the time to make a leap.
- PPG earnings call for the period ending June 30, 2023.
- As of August 31st, there was short interest totaling 2,470,000 shares, an increase of 48.8% from the August 15th total of 1,660,000 shares.
- PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
PITTSBURGH–(BUSINESS WIRE)–PPG Board of Directors approve dividend increase to 65 cents per share, marking company’s 500th consecutive dividend payment. PPG reported earnings and investors were pleased with what they saw. PPG Industries‘ stock is owned by a number of retail and institutional investors.
Related Stocks
PPG Industries announced a quarterly dividend on Thursday, July 20th. Investors of record on Thursday, August 10th will be paid a dividend of $0.65 per share on Tuesday, September 12th. This represents a $2.60 dividend on an annualized basis and a yield of 1.93%. This is a boost from the stock’s previous quarterly dividend of $0.62.
337 employees have rated PPG Industries Chief Executive Officer Michael H. McGarry on Glassdoor.com. what do you mean by amalgamation Michael H. McGarry has an approval rating of 65% among the company’s employees.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. PPG earnings call for the period ending June 30, 2022. PPG earnings call for the period ending September 30, 2022.
Learn how to know if a stock is overvalued, the criteria to look for in an overvalued stock, and a list of three overvalued stocks in the U.S stock market this year. Get a list of current — and potential future — Dividend Kings and learn how to leverage these strong companies to build wealth. One share of PPG stock can currently be purchased for approximately $134.43.
A hold rating indicates that analysts believe investors should maintain any existing positions they have in PPG, but not buy additional shares or sell existing shares. The company is the world’s largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG’s products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The https://1investing.in/ company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition. According to my valuation, the intrinsic value for the stock is $184.14, which is above what the market is valuing the company at the moment.
Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. PPG Industries‘ earnings over the next few years are expected to increase by 55%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
The key to homebuilders’ relative success this year has been their ability to improve affordability by offering sales incentives, lowering base prices, and building smaller homes. According to the National Association of Home Builders, the share of builders offering incentives was 55% in August, up from 52% in July but down from 62% last year. One fourth of homebuilders reported lowering base prices by 6% on average. Homebuilders have also boosted production of speculative homes to capitalize on the tight supply of existing for-sale homes. Spec building also helps builders better manage construction cycle times and costs.
Financial Calendars
We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Since PPG is currently undervalued, it may be a great time to increase your holdings in the stock.
Top institutional investors include BlackRock Inc. (8.20%), State Street Corp (4.67%), Geode Capital Management LLC (2.11%), Clearbridge Investments LLC (1.61%), Wells Fargo & Company MN (1.54%) and Northern Trust Corp (0.96%). Insiders that own company stock include Anne M Foulkes, Michael H Mcgarry, Rebecca B Liebert, Timothy M Knavish, Vadlamannati Ramaprasad, Vincent J Morales and William E Schaupp. The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Terms of Service apply. PITTSBURGH–(BUSINESS WIRE)–PPG research shows tire manufacturing energy, time savings with AGILON performance silica. In 2022, PPG Industries’s revenue was $17.65 billion, an increase of 5.06% compared to the previous year’s $16.80 billion.
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It operates through the Performance Coatings and Industrial Coatings segments. The Performance Coatings segment supplies a variety of protective and decorative coatings, sealants, and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor. The company was founded by John B. Ford and John A. Pitcairn in 1883 and is headquartered in Pittsburgh, PA. 16 Wall Street research analysts have issued „buy,“ „hold,“ and „sell“ ratings for PPG Industries in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should „hold“ PPG shares.
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