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Market Update (NYSE:SHW): Sherwin-Williams to Announce First Quarter 2016 Financial Results on April 21, 2016

[PR Newswire] – CLEVELAND, March 31, 2016 /PRNewswire/ — The Sherwin-Williams Company (NYSE: SHW) will issue a press release announcing its financial results for the first quarter ended March 31, 2016 prior to the opening … Read more on this. The Sherwin-Williams Company (SHW) , with a current market cap of $26.16B, opened this morning at $283.99. Looking at the equity, the company’s one day range is $281.63 to $285.49 and has traded between $218.27 and $294.35 over the past year. SHW shares are currently priced at 22.82x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.23x forward p/e ratio. And for passive income investors, the company pays shareholders $3.36 per share annually in dividends, yielding 1.18%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.61 per share, which would be $0.23 better than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $12.44, which would be a $1.28 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.48 Billion. If realized, that would be a 1.22% increase over the year-ago quarter. Recently, Susquehanna upgraded SHW from Neutral to Positive (Mar 21, 2016). Previously, KeyBanc Capital Mkts downgraded SHW from Overweight to Sector Weight. When considering if perhaps the stock is under or overvalued, the average price target is $308.71, which is 8.70% above where the stock opened this morning. See more in (NYSE:SHW) Similar Articles: Stock Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams Declares Dividend of $0.84 per Common Share Stock Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams to Announce Year-End 2015 Financial Results on January 28, 2016 Market Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams Declares Dividend of $0.67 per Common Share; Board Approves 10 Million Share Stock Repurchase Authorization
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