Sherwin Williams (NYSE: SHW) issued an update on its FY13 earnings guidance on Thursday morning. The company provided EPS guidance of $7.45-7.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.01, Analyst Ratings Network reports. Sherwin Williams also updated its Q2 guidance to $2.50-2.60 EPS.
Sherwin Williams (NYSE: SHW) opened at 170.89 on Thursday. Sherwin Williams has a 1-year low of $114.68 and a 1-year high of $175.46. The stock’s 50-day moving average is currently $167.1. The company has a market cap of $17.565 billion and a price-to-earnings ratio of 28.37.
Sherwin Williams (NYSE: SHW) last issued its quarterly earnings data on Thursday, April 18th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.01. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Sherwin Williams has set its Q2 guidance at $2.50-2.60 EPS and its FY13 guidance at $7.45-7.55 EPS. On average, analysts predict that Sherwin Williams will post $7.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.17%.
SHW has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Sherwin Williams to an overweight rating in a research note to investors on Monday. They now have a $194.00 price target on the stock. On a related note, analysts at Nomura upgraded shares of Sherwin Williams from a neutral rating to a buy rating in a research note to investors on Monday. They now have a $194.00 price target on the stock, up previously from $168.00. Finally, analysts at Barclays Capital reiterated an equal weight rating on shares of Sherwin Williams in a research note to investors on Friday, April 12th. They now have a $180.00 price target on the stock.
Three analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $170.60.
The Sherwin-Williams Company 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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