PPG Industries, Inc.’s Stock Price Takes a Dip to $115.38, Recording a 6% Decline

PPG Industries, Inc. (PPG)

115.38 USD -7.37 (-6.00%) Volume: 4.23M

PPG Industries, Inc.’s stock price currently stands at 115.38 USD, experiencing a -6.00% change this trading session with a trading volume of 4.23M, reflecting a -3.41% change YTD, indicating the dynamic nature of PPG’s stock performance.

Latest developments on PPG Industries, Inc.

PPG Industries (PPG) faced a tumultuous day in the stock market as the company reported missing earnings and sales estimates for the fourth quarter of 2024. The adjusted earnings per share of $1.61 managed to beat estimates, but revenue fell short at $3.7 billion, leading to a more than 5% drop in PPG Industries shares. Lower demand and pricing pressure contributed to the decline in earnings, causing concern among investors. Despite this setback, PPG Industries remains a favorite among institutional investors, with 85% institutional ownership. The company’s stock price movements today reflect the challenges faced by PPG Industries in the current market climate.

PPG Industries, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided insight into Ppg Industries Inc., a global leader in the coatings industry. In their research report titled “PPG Industries Inc.: These Are The 4 Biggest Risks Faced By The Paints & Coatings Behemoth! – Major Drivers,” they highlighted the company’s third-quarter 2024 financial results. Despite facing challenges, PPG disclosed sales of $4.6 billion and showcased a year-over-year segment margin improvement for the eighth consecutive quarter. The company also achieved a record high adjusted earnings per diluted share at $2.13, up 3% from the previous year.

The analysts at Baptista Research lean bullish on Ppg Industries, emphasizing the company’s resilience and growth potential in the coatings industry. Their research report on Smartkarma provides valuable insights for investors looking to understand the key drivers and risks associated with investing in PPG. With a focus on both achievements and challenges faced by the company, the analysts offer a comprehensive analysis of PPG’s performance and future prospects in the market.

A look at PPG Industries, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores for Ppg Industries, the company seems to have a positive long-term outlook. With above-average scores in Dividend and Momentum, Ppg Industries is showing strength in these areas. This indicates that the company is performing well in terms of paying out dividends to shareholders and maintaining positive momentum in the market.

While Ppg Industries may not score as high in areas such as Value and Growth, its overall outlook remains solid with decent scores in Resilience. This suggests that the company is able to weather economic downturns and challenges, making it a reliable option for investors looking for stability. With a diverse range of products serving various industries, Ppg Industries continues to position itself as a key player in the market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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