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.
Shares of The Sherwin-Williams Company (SHW - Free Report) scaled a fresh 52-week high of $661.23 on Aug 11, before closing the session at $652.40.
The company has a market cap of around $59.4 billion. Average volume of shares traded in the past three months was around 522.5K. The company has an expected long-term earnings per share (EPS) growth rate of 9.2%.
The stock has gained 24% in the past year compared with the industry’s 23.5% rise.
What’s Driving Sherwin-Williams?
Solid second-quarter performance, upbeat view and strong demand in domestic market are major factors driving the company’s shares.
Sherwin-Williams’ earnings (as reported) rose 29% year over year to $6.48 per share in second-quarter 2020. Adjusted earnings of $7.10 per share also topped the Zacks Consensus Estimate of $5.69.
The company expects demand to improve sequentially in the third quarter with softness persisting in certain end markets in the United States and global environments through 2020.
It also raised net income per share guidance for full-year 2020 to $19.21-$20.71 from its prior view of $16.46-$18.46.
Sherwin-Williams is seeing strong demand in its domestic end-use markets and remains committed to expand its retail operations. In the second quarter, it witnessed higher demand for architectural DIY (Do It Yourself) paint in North America. The company is benefiting from sustained strength in architectural paint markets in North America.
Moreover, Sherwin-Williams is focused on capturing a larger share of its end-markets, as reflected by an increasing number of retail stores. The company plans to open around 50 new stores in 2020.
Moreover, the company is gaining from synergies of the Valspar acquisition. Its cost-control initiatives, working capital reductions, supply chain optimization and productivity improvement are also supporting margins.
Equinox Gold has an expected earnings growth rate of 255.2% for 2020. The company’s shares have surged 96.3% in the past year.
Eldorado Gold has an expected earnings growth rate of 2,225% for 2020. Its shares have returned 34.8% in the past year.
Golden Star Resources has an expected earnings growth rate of 6.3% for 2020. The company’s shares have surged 49.8% in the past year.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Image: Bigstock
Sherwin-Williams (SHW) Hits 52-Week High: What's Driving It?
Shares of The Sherwin-Williams Company (SHW - Free Report) scaled a fresh 52-week high of $661.23 on Aug 11, before closing the session at $652.40.
The company has a market cap of around $59.4 billion. Average volume of shares traded in the past three months was around 522.5K. The company has an expected long-term earnings per share (EPS) growth rate of 9.2%.
The stock has gained 24% in the past year compared with the industry’s 23.5% rise.
What’s Driving Sherwin-Williams?
Solid second-quarter performance, upbeat view and strong demand in domestic market are major factors driving the company’s shares.
Sherwin-Williams’ earnings (as reported) rose 29% year over year to $6.48 per share in second-quarter 2020. Adjusted earnings of $7.10 per share also topped the Zacks Consensus Estimate of $5.69.
The company expects demand to improve sequentially in the third quarter with softness persisting in certain end markets in the United States and global environments through 2020.
It also raised net income per share guidance for full-year 2020 to $19.21-$20.71 from its prior view of $16.46-$18.46.
Sherwin-Williams is seeing strong demand in its domestic end-use markets and remains committed to expand its retail operations. In the second quarter, it witnessed higher demand for architectural DIY (Do It Yourself) paint in North America. The company is benefiting from sustained strength in architectural paint markets in North America.
Moreover, Sherwin-Williams is focused on capturing a larger share of its end-markets, as reflected by an increasing number of retail stores. The company plans to open around 50 new stores in 2020.
Moreover, the company is gaining from synergies of the Valspar acquisition. Its cost-control initiatives, working capital reductions, supply chain optimization and productivity improvement are also supporting margins.
The SherwinWilliams Company Price and Consensus
The SherwinWilliams Company price-consensus-chart | The SherwinWilliams Company Quote
Zacks Rank & Other Key Picks
Sherwin-Williams currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space include Equinox Gold Corp. (EQX - Free Report) , Eldorado Gold Corporation (EGO - Free Report) and Golden Star Resources Ltd. , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Equinox Gold has an expected earnings growth rate of 255.2% for 2020. The company’s shares have surged 96.3% in the past year.
Eldorado Gold has an expected earnings growth rate of 2,225% for 2020. Its shares have returned 34.8% in the past year.
Golden Star Resources has an expected earnings growth rate of 6.3% for 2020. The company’s shares have surged 49.8% in the past year.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Click Here, See It Free >>