The Valspar Corp (VAL) announced its most recent quarterly financial results on Wednesday, Sep-7-2016. VAL reported $1.44 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $1.45. The company posted revenue of $1141.90 million in the period, compared to analysts expectations of $1175.51 million. VAL’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.
The Valspar Corp opened for trading at $105.23 and hit $105.73 on the upside on Thursday, eventually ending the session at $105.56, with a gain of 0.14% or 0.15 points. The heightened volatility saw the trading volume jump to 2,46,184 shares. Company has a market cap of $8,368 M.
In a different news, on Dec 15, 2015, Gary E Hendrickson (Chairman, President and CEO) sold 50,000 shares at $84.65 per share price. According to the SEC, on Jun 26, 2015, Howard C Heckes (Executive Vice President) sold 8,000 shares at $84.82 per share price.
The Valspar Corporation is engaged in developing manufacturing and distributing a range of coatings paints and related products. The Company operates through two business segments: Coatings and Paints. The Coatings segment includes the Company’s industrial product lines and packaging product line. The Company offers a range of decorative and protective coatings for metal wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Asia Australia Europe North America and South America. The Paints segment includes the Company’s consumer paints and automotive paint refinish product lines. The Company offers a range of paints primers topcoats and aerosol spray paints through retailers distribution networks and Company-owned stores.