Sherwin-Williams Co. (NYSE:SHW) updated its fourth quarter earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.29-1.39 for the period, compared to the Thomson Reuters consensus estimate of $1.38, Stock Ratings Network.com reports. The company issued revenue guidance of +5-7% to ~$2.33-2.38 billion, compared to the consensus revenue estimate of $2.38 billion.
Sherwin-Williams Co. (NYSE:SHW) opened at 187.00 on Friday. Sherwin-Williams Co. has a 52-week low of $138.36 and a 52-week high of $194.55. The stock’s 50-day moving average is $173.4 and its 200-day moving average is $176.. The company has a market cap of $19.011 billion and a P/E ratio of 28.92.
Sherwin-Williams (NYSE:SHW) last released its earnings data on Friday, October 25th. The company reported $2.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.63 by $0.05. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company posted $2.24 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 13th.
A number of research firms have recently commented on SHW. Analysts at Credit Suisse upgraded shares of Sherwin-Williams from a neutral rating to an outperform rating in a research note to investors on Monday, September 23rd. They now have a $215.00 price target on the stock, up previously from $185.00. Analysts at Longbow Research upgraded shares of Sherwin-Williams from a neutral rating to a buy rating in a research note to investors on Thursday, September 5th. They now have a $215.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $193.07.
The Sherwin-Williams Company (NYSE:SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.
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