PPG Industries Inc. (NYSE: PPG) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.38 versus $1.01 for the same period a year ago — a decline of -62%. Relative to the consensus estimate of $1.49, this was a shortfall of $-1.11. For the latest four quarters through December 31, E.P.S. were $5.35 versus $4.35 for the same period a year ago — an increase of 23%.
Recent Price Action
On 1/18/24, PPG Industries Inc. (NYSE: PPG) stock increased 1.3%, closing at $144.95. Moreover, above average trading volume at 136% of normal accompanied the advance. The stock has declined -0.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
PPG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
PPG Industries has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. PPG Industries has a poor Appreciation Score of 26 but a slightly positive Power Rating of 64, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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