We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PPG Industries (PPG - Free Report) has launched a combined paint and primer product – PPG Timeless. This new product comes with PPG Industries’ industry-leading coatings innovation and expertise. The paint is widely available at The Home Depot locations across the United States and at homedepot.com for interior and exterior use.
PPG Timeless paint provides pros and residential painters with excellent protection and premium product features through do-it-yourselfers (DIYers). The product uses the automotive-grade ultraviolet (UV) and gloss-retention technology trusted by leading automotive makers.
Additionally, the paint provides outstanding washability, scrubbability and stain resistance for the home interior, exterior UV-Protect Technology that prevents the exterior from color fading. The product is also known for providing protection for the surface through a tough exterior finish that provides exceptional resistance to chipping, flaking and cracking while resisting mold, mildew and algae along with unique exterior high-build formula that helps hide minor surface imperfections.
This paint is ideal for interior use in kitchens, bathrooms, living rooms, family rooms, dining rooms, bedrooms and high-traffic areas like hallways along with a variety of exterior surfaces, including wood, concrete, masonry, fiber cement, stucco, brick, siding, windows, doors and trim.
PPG Industries has underperformed the industry over the last six months. The company’s shares have moved up around 1.3% over this period, compared with roughly 4.7% gain recorded by the industry.
PPG Industries reported adjusted earnings of $1.83 per share for the second quarter of 2017, up 5.8% from the year-ago earnings of $1.73. The result beat the Zacks Consensus Estimate of $1.81. Net sales in the quarter edged up 1% year over year to $3,806 million. Sales missed the Zacks Consensus Estimate of $3,898.6 million.
PPG Industries expects modest overall global economic growth. Also, the company anticipates a higher level of earnings-accretive cash deployment in the second half of 2017 including acquisitions and share repurchases. The company announced that it will resume share repurchases from the third quarter.
PPG Industries is taking steps for growing organically as well as cutting costs. The company also remains committed to deploy cash on acquisitions and share repurchases. It plans to deploy $2.5 billion to $3.5 billion of cash on acquisitions and share repurchases in 2017 and 2018 combined and is now targeting the top end of that range at a minimum.
PPG Industries faces currency headwind and macroeconomic challenges. Some of its end-markets including marine still remain sluggish. It is also exposed to volatility in raw materials and energy costs.
Arkema has an expected long-term earnings growth of 12.8%.
Akzo Nobel has an expected long-term earnings growth of 11.1%.
Kronos Worldwide has an expected long-term earnings growth of 5%.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Image: Bigstock
PPG Industries (PPG) Launches Timeless Premium Paint
PPG Industries, Inc. Price and Consensus
PPG Industries, Inc. Price and Consensus | PPG Industries, Inc. Quote
PPG Industries currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked companies in the chemical space include Arkema S.A. (ARKAY - Free Report) , Akzo Nobel N.V. (AKZOY - Free Report) and Kronos Worldwide (KRO - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Arkema has an expected long-term earnings growth of 12.8%.
Akzo Nobel has an expected long-term earnings growth of 11.1%.
Kronos Worldwide has an expected long-term earnings growth of 5%.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.