PPG Industries, Inc (NYSE: PPG) kicked off on Tuesday, down -1.90% from the previous trading day, before settling in for the closing price of $123.42. Over the past 52 weeks, PPG has traded in a range of $118.07-$151.16.
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Annual sales at Basic Materials sector company grew by 3.95% over the past five years. While this was happening, its average annual earnings per share was recorded 6.52%. With a float of $230.96 million, this company’s outstanding shares have now reached $235.21 million.
Let’s look at the performance matrix of the company that is accounted for 53000 employees. 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
Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of PPG Industries, Inc is 0.45%, while institutional ownership is 84.72%. 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
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 1.53 earnings per share (EPS), higher than consensus estimate (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
Take a look at PPG Industries, Inc’s (PPG) current performance indicators. Last quarter, stock had a quick ratio of 1.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.56. Likewise, its price to free cash flow for the trailing twelve months is 21.93.
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)
PPG Industries, Inc (NYSE: PPG) saw its 5-day average volume 1.47 million, a negative change from its year-to-date volume of 1.59 million. As of the previous 9 days, the stock’s Stochastic %D was 14.15%. Additionally, its Average True Range was 2.14.
During the past 100 days, PPG Industries, Inc’s (PPG) raw stochastic average was set at 15.70%, which indicates a significant increase from 1.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.59% in the past 14 days, which was lower than the 18.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $127.22, while its 200-day Moving Average is $131.03. Nevertheless, the first resistance level for the watch stands at $122.07 in the near term. At $123.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $123.63. If the price goes on to break the first support level at $120.51, it is likely to go to the next support level at $119.95. The third support level lies at $118.96 if the price breaches the second support level.
PPG Industries, Inc (NYSE: PPG) Key Stats
The company with the Market Capitalisation of 28.09 billion has total of 232,000K Shares Outstanding. Its annual sales at the moment are 18,246 M in contrast with the sum of 1,270 M annual income. Company’s last quarter sales were recorded 4,575 M and last quarter income was 468,000 K.
