PPG Industries (PPG) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $1.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.30. The company posted revenue of $3672.00 million in the period, compared to analysts expectations of $3675.02 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS.
Many Wall Street Analysts have commented on PPG Industries. PPG Industries was Resumed by Credit Suisse to “Outperform” on Mar 22, 2016.
PPG Industries opened for trading at $115 and hit $115.93 on the upside on Monday, eventually ending the session at $115.75, with a gain of 0.35% or 0.4 points. The heightened volatility saw the trading volume jump to 15,43,522 shares. Company has a market cap of $30,878 M.
In a different news, on Mar 1, 2016, Charles E Bunch (Executive Chairman of Board) sold 46,286 shares at $98.17 per share price. According to the SEC, on Feb 26, 2016, Glenn E Ii Bost (Sr. VP & Gen. Counsel) sold 32,925 shares at $95.56 per share price. On Nov 3, 2015, Cynthia A Niekamp (Sr. VP, Automotive Coatings) sold 7,200 shares at $104.35 per share price, according to the Form-4 filing with the securities and exchange commission.
PPG Industries Inc. (PPG) manufactures and distributes a range of coatings optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish aerospace architectural coatings-Americas and Asia Pacific architectural coatings-EMEA and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings sealants and finishes along with paint strippers stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings industrial coatings packaging coatings and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.