Sherwin-Williams Co (SHW) Releases Earnings Results, Beats Expectations By $0.19 EPS

Sherwin-Williams Co (SHW) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $1.81 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.19. Analysts had a consensus of $1.62. The company posted revenue of $2574.00 million in the period, compared to analysts expectations of $2480.02 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS.

Many Wall Street Analysts have commented on Sherwin-Williams Co. Sherwin-Williams Co was Resumed by Credit Suisse to “Outperform” on Mar 22, 2016. Company shares were Reiterated by UBS on Mar 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 290 from a previous price target of $270 .Sherwin-Williams Co was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Mar 21, 2016.

Sherwin-Williams Co opened for trading at $296 and hit $297.42 on the upside on Monday, eventually ending the session at $296.77, with a gain of 0.11% or 0.34 points. The heightened volatility saw the trading volume jump to 5,42,465 shares. Company has a market cap of $27,383 M.

In a different news, on Dec 10, 2015, Robert J Davisson (President, The Americas Group) sold 3,500 shares at $272.52 per share price. According to the SEC, on Nov 24, 2015, Thomas E Hopkins (SVP-Human Resources) sold 2,916 shares at $277.07 per share price. On Nov 24, 2015, David B Sewell (President, Global Finishes Grp) sold 2,863 shares at $275.51 per share price, according to the Form-4 filing with the securities and exchange commission.

The Sherwin-Williams Company is engaged in the development manufacture distribution and sale of paint coatings and related products. The Company’s segments include Paint Stores Group Consumer Group Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings protective and marine products original equipment manufacturer (OEM) product finishes and related items. The Consumer Group develops manufactures and distributes a range of paint coatings and related products to third party customers. The Global Finishes Group develops licenses manufactures distributes and sells a range of protective and marine products automotive finishes and refinished products and OEM product finishes among others. The Latin America Coatings Group develops licenses manufactures distributes and sells a range of architectural paint and coatings protective and marine products and OEM product finishes among others.

Sherwin-Williams Co

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