Zacks Research Lowers Earnings Estimates for PPG Industries

PPG Industries, Inc. (NYSE:PPG) – Zacks Research decreased their Q2 2025 earnings per share estimates for shares of PPG Industries in a report released on Monday, May 12th. Zacks Research analyst R. Department now forecasts that the specialty chemicals company will earn $2.20 per share for the quarter, down from their previous estimate of $2.23. The consensus estimate for PPG Industries’ current full-year earnings is $7.95 per share. Zacks Research also issued estimates for PPG Industries’ Q3 2025 earnings at $2.14 EPS, Q4 2025 earnings at $1.79 EPS, FY2025 earnings at $7.84 EPS, Q1 2026 earnings at $1.91 EPS, Q2 2026 earnings at $2.55 EPS, Q3 2026 earnings at $2.05 EPS, Q4 2026 earnings at $1.75 EPS, FY2026 earnings at $8.26 EPS, Q1 2027 earnings at $2.04 EPS and FY2027 earnings at $8.89 EPS.

Several other analysts also recently weighed in on the company. The Goldman Sachs Group decreased their target price on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Fermium Researc upgraded PPG Industries to a “strong-buy” rating in a research note on Thursday, May 1st. Citigroup decreased their target price on PPG Industries from $135.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. UBS Group raised their price objective on PPG Industries from $110.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Finally, Argus downgraded PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PPG Industries currently has an average rating of “Moderate Buy” and an average price target of $128.42.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $113.99 on Thursday. The business has a 50 day moving average price of $106.44 and a 200 day moving average price of $115.20. PPG Industries has a twelve month low of $90.24 and a twelve month high of $137.24. The company has a market cap of $25.88 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.19 and a beta of 1.20. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.10. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the company posted $1.87 EPS. The firm’s revenue was down 4.3% on a year-over-year basis.

Institutional Investors Weigh In On PPG Industries

Several large investors have recently made changes to their positions in PPG. Norges Bank bought a new stake in shares of PPG Industries in the 4th quarter worth about $470,535,000. Kovitz Investment Group Partners LLC increased its holdings in PPG Industries by 482.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,337,649 shares of the specialty chemicals company’s stock valued at $518,132,000 after purchasing an additional 3,592,655 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in PPG Industries by 815.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,031,164 shares of the specialty chemicals company’s stock valued at $362,074,000 after purchasing an additional 2,700,018 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in PPG Industries by 138.9% during the 4th quarter. First Eagle Investment Management LLC now owns 3,196,951 shares of the specialty chemicals company’s stock valued at $381,876,000 after purchasing an additional 1,858,895 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in PPG Industries by 17.7% during the 4th quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company’s stock valued at $1,262,234,000 after purchasing an additional 1,590,041 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries’s payout ratio is 58.24%.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.