PPG Industries, Inc (NYSE: PPG) on Tuesday, plunged -3.34% from the previous trading day, before settling in for the closing price of $125.96. Within the past 52 weeks, PPG’s price has moved between $118.07 and $151.16.
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It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 3.95%. The company achieved an average annual earnings per share of 6.52%. With a float of $230.99 million, this company’s outstanding shares have now reached $235.21 million.
The extent of productivity of a business whose workforce counts for 53000 workers is very important to gauge. In terms of profitability, gross margin is 40.81%, operating margin of 11.43%, and the pretax margin is 11.28%.
PPG Industries, Inc (PPG) Insider and Institutional Ownership
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of PPG Industries, Inc is 0.44%, while institutional ownership is 85.99%. The most recent insider transaction that took place on Oct 31 ’24, was worth 249,713. In this transaction Sr. VP and General Counsel of this company sold 1,985 shares at a rate of $125.80, taking the stock ownership to the 13,454 shares. Before that another transaction happened on Oct 31 ’24, when Company’s Officer proposed sale 1,985 for $125.80, making the entire transaction worth $249,713.
PPG Industries, Inc (PPG) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.53 earnings per share (EPS) for the period topping the consensus outlook (set at 1.5) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.97 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.88% during the next five years compared to -0.41% drop over the previous five years of trading.
PPG Industries, Inc (NYSE: PPG) Trading Performance Indicators
PPG Industries, Inc (PPG) is currently performing well based on its current performance indicators. A quick ratio of 1.13 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.57. Likewise, its price to free cash flow for the trailing twelve months is 22.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.31, a number that is poised to hit 1.66 in the next quarter and is forecasted to reach 8.87 in one year’s time.
Technical Analysis of PPG Industries, Inc (PPG)
The latest stats from [PPG Industries, Inc, PPG] show that its last 5-days average volume of 1.54 million was inferior to 1.59 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 32.40%. Additionally, its Average True Range was 2.19.
During the past 100 days, PPG Industries, Inc’s (PPG) raw stochastic average was set at 19.20%, which indicates a significant increase from 0.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.41% in the past 14 days, which was lower than the 18.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $127.52, while its 200-day Moving Average is $131.48. Now, the first resistance to watch is $124.01. This is followed by the second major resistance level at $126.26. The third major resistance level sits at $127.42. If the price goes on to break the first support level at $120.59, it is likely to go to the next support level at $119.43. The third support level lies at $117.18 if the price breaches the second support level.
PPG Industries, Inc (NYSE: PPG) Key Stats
Market capitalization of the company is 28.25 billion based on 232,000K outstanding shares. Right now, sales total 18,246 M and income totals 1,270 M. The company made 4,575 M in profit during its latest quarter, and 468,000 K in sales during its previous quarter.
