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Company Update: The Sherwin-Williams Company (NYSE:SHW) – The Sherwin-Williams Company Reports 2016 First Quarter Financial Results

[PR Newswire] – CLEVELAND, April 21, 2016 /PRNewswire/ — The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the first quarter ended March 31, 2016. Compared to the same period in 2015, consolidated … Read more on this. The Sherwin-Williams Company (SHW) , with a current market cap of $27.25B, started the session at $303.00. Looking at today’s market, SHW one day range is $294.20 to $309.00 with the price of the stock fluctuating between $218.27 to $309.00 over the last 52 weeks. SHW shares are currently priced at 24.16x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.25x earnings multiple. And for income investors, the company pays shareholders $3.36 per share annually in dividends, yielding 1.13%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.62 per share, which would be $0.24 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $12.42 is a $1.26 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.48 Billion. If reported, that would be a 1.22% increase over the year-ago quarter. More 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 $310.50, which is 2.48% above where the stock opened this morning. See more in (NYSE:SHW) Similar Articles: Market Update (NYSE:SHW): Sherwin-Williams to Announce First Quarter 2016 Financial Results on April 21, 2016 Stock Update (NYSE:SHW): The Sherwin-Williams Company Reports 2015 Year-end Financial Results Stock Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams to Announce Year-End 2015 Financial Results on January 28, 2016
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