Sherwin-Williams is expected to show profits on April 27th
The Sherwin-Williams Company (NYSE: SHW) is an American company in the paint and coatings industry. The company manufactures, sells and sells paints, coatings, flooring and related products. Sherwin-Williams serves professional, industrial, commercial and retail customers primarily in North and South America and Europe.
SHW is up 61% in the past 12 months. About a year ago, Sherwin-Williams’ share price bottomed to a three-year low of $ 165.76. However, the name of the painting hit a new record high of $ 275 this morning. Since the beginning of the year, equity has reached 11%.
On April 21st, Sherwin-Williams announced a quarterly dividend of $ 0.55 per common share payable to shareholders of record on June 4th on May 21st. Sherwin Williams stock currently offers a dividend yield of 0.80% and a forward dividend of $ 2.20.
Sherwin-Williams is expected to release quarterly results ahead of the opening tomorrow, April 27th. SHW exceeded its profit expectations by 100% last year. For the first quarter of 2020, Sherwin-Williams beat analysts’ estimates by a margin of $ 0.05 and reported earnings per share (EPS) of $ 1.36. For the second quarter of 2020, Sherwin-Williams earnings per share rose to $ 2.37, beating expectations by $ 0.42. For the third quarter of 2020, SHW reported another increase in earnings, rising to $ 2.76 per share, beating estimates by $ 0.16. In its most recent quarterly report, Sherwin-Williams posted earnings per share of $ 1.70 and exceeded expectations with a margin of $ 0.08. Wall Street predicts that Sherwin-Williams will post earnings per share of $ 1.64 tomorrow.
In general, there are some stocks in the market with better value than SHW, but the company’s growth rate could cause Sherwin-Williams stock to keep pushing to new highs. The price / earnings ratio of 30.58 on Sherwin Williams stock is an indicator of its potential for growth.