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 $550.73 on Sep 19, before closing the session at $549.78.
The company has a market cap of roughly $50.7 billion. Average volume of shares traded in the past three months was around 495.5K. The company has expected long-term earnings per share (EPS) growth rate of 12.1%.
The stock has surged 39.7% in the past year compared with the industry’s 34.5% rally.
What’s Driving SHW?
Upbeat prospects for 2019 are contributing to the gain in Sherwin-Williams' shares.
The company has backed adjusted EPS guidance for 2019 in the range of $20.40-$21.40. For 2019, it projects 2-4% year over year increase in net sales. The company is optimistic about North American stores volumes in the second half of 2019.
Also, earnings estimates for Sherwin-Williams for 2019 have moved up in the past two months. Over this period, the Zacks Consensus Estimate for 2019 has inched up nearly 0.2% to $21.12. The Zacks Consensus Estimate for earnings for 2019 reflects expected year-over-year growth of around 14%.
Sherwin-Williams is gaining from its focus on growth through expansion of operations, its productivity improvement initiatives and synergies of the Valspar acquisition. Moreover, it is witnessing favorable demand in its domestic end-use markets and is committed to expand retail operations.
The company’s cost-control initiatives, working capital reductions, supply chain optimization and productivity improvement are also yielding margin benefits. It is also undertaking appropriate pricing actions, which is supporting margins.
The company is gaining from significant synergies of the Valspar acquisition. It expects incremental synergies of roughly $70-$80 million in 2019, with total annual run rate of around $415 million at the end of the year.
Kinross has an expected earnings growth rate of 160% for 2019. The company’s shares have surged 70.9% in the past year.
Alamos Gold has projected earnings growth rate of 320% for the current year. The company’s shares have rallied 38.4% in a year’s time.
Arconic has an estimated earnings growth rate of 50% for the current year. Its shares have moved up 18.6% in the past year.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.
These 7 were selected because of their superior potential for immediate breakout.
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 $550.73 on Sep 19, before closing the session at $549.78.
The company has a market cap of roughly $50.7 billion. Average volume of shares traded in the past three months was around 495.5K. The company has expected long-term earnings per share (EPS) growth rate of 12.1%.
The stock has surged 39.7% in the past year compared with the industry’s 34.5% rally.
What’s Driving SHW?
Upbeat prospects for 2019 are contributing to the gain in Sherwin-Williams' shares.
The company has backed adjusted EPS guidance for 2019 in the range of $20.40-$21.40. For 2019, it projects 2-4% year over year increase in net sales. The company is optimistic about North American stores volumes in the second half of 2019.
Also, earnings estimates for Sherwin-Williams for 2019 have moved up in the past two months. Over this period, the Zacks Consensus Estimate for 2019 has inched up nearly 0.2% to $21.12. The Zacks Consensus Estimate for earnings for 2019 reflects expected year-over-year growth of around 14%.
Sherwin-Williams is gaining from its focus on growth through expansion of operations, its productivity improvement initiatives and synergies of the Valspar acquisition. Moreover, it is witnessing favorable demand in its domestic end-use markets and is committed to expand retail operations.
The company’s cost-control initiatives, working capital reductions, supply chain optimization and productivity improvement are also yielding margin benefits. It is also undertaking appropriate pricing actions, which is supporting margins.
The company is gaining from significant synergies of the Valspar acquisition. It expects incremental synergies of roughly $70-$80 million in 2019, with total annual run rate of around $415 million at the end of the year.
The Sherwin-Williams Company Price and Consensus
The Sherwin-Williams Company price-consensus-chart | The Sherwin-Williams Company Quote
Zacks Rank & Key Picks
Sherwin-Williams currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Kinross Gold Corporation (KGC - Free Report) , Alamos Gold Inc (AGI - Free Report) and Arconic Inc , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Kinross has an expected earnings growth rate of 160% for 2019. The company’s shares have surged 70.9% in the past year.
Alamos Gold has projected earnings growth rate of 320% for the current year. The company’s shares have rallied 38.4% in a year’s time.
Arconic has an estimated earnings growth rate of 50% for the current year. Its shares have moved up 18.6% in the past year.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>