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PPG Industries (PPG) to Showcase Mobility Coatings Solutions
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PPG Industries Inc. (PPG - Free Report) announced that it will present two papers and demonstrate its entire range of coatings and technology solutions for mobility and aerospace applications as well as electronic, conductive and specialty materials at IDTechEX 2019 in Santa Clara, CA, between Nov 20 and Nov 21.
The presentation by PPG Industries will likely include solutions for mobility coatings for battery cells and assemblies, and functional indoor and outdoor sensor applications. The company will discuss the development of customized dispersion to assist in incorporating graphene into various end-use systems and formulations.
PPG Industries will demonstrate various products and technologies, including the entire range of mobility coatings for the autonomous, connected, electrified and shared (ACES) vehicle ecosystem.
The company will exhibit polymer-thick-film circuit materials for electronic applications. Moreover, it will emphasize its role as a conductive coatings supplier to most of the world’s key consumer electronic, medical device and aerospace companies. The company’s conductive coatings offer better performance properties and lower application costs compared with competing technologies — including vacuum metallization and selective plating. The company’s conductive coatings also offer outstanding electromagnetic interference (EMI)/RFI shielding and electrical conductivity.
Moreover, PPG Industries plans to showcase its engineered materials, including Cuming Microwave materials, which are designed to eliminate EMI problems and reduce noise in electronic packages.
Shares of the company have gained 21.7% year to date against the industry’s 20.8% decline.
PPG Industries recorded net income from continuing operations of $366 million or $1.54 per share in the third quarter compared with $368 million or $1.51 per share a year ago. Its adjusted earnings per share of $1.67 surpassed the Zacks Consensus Estimate of $1.61.
The company’s revenues inched up 0.2% year over year to $3,826 million in the third quarter. However, the top line missed the Zacks Consensus Estimate of $3,896.7 million.
PPG Industries anticipates soft global economic growth for the fourth quarter. It expects the same to impact several end-use markets.
For 2019, the company anticipates adjusted EPS of $6.17-$6.27. The projection includes fourth quarter year-over-year growth in constant currencies of around 15% at the mid-point. Moreover, the adjusted EPS growth is at the low-to-mid end of 7-10% range the company mentioned earlier, excluding the impacts of currency translation.
The company anticipates sales growth in a low-single-digit percentage for the year, which excludes the impacts of currency translation.
Impala Platinum has an expected earnings growth rate of 248.3% for the current fiscal year. The company’s shares have surged 228.1% in the past year.
Franco-Nevada has a projected earnings growth rate of 46.2% for 2019. The company’s shares have rallied 46.8% in a year.
Agnico Eagle has an estimated earnings growth rate of 168.6% for the current year. Its shares have moved up 66% in the past year.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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PPG Industries (PPG) to Showcase Mobility Coatings Solutions
PPG Industries Inc. (PPG - Free Report) announced that it will present two papers and demonstrate its entire range of coatings and technology solutions for mobility and aerospace applications as well as electronic, conductive and specialty materials at IDTechEX 2019 in Santa Clara, CA, between Nov 20 and Nov 21.
The presentation by PPG Industries will likely include solutions for mobility coatings for battery cells and assemblies, and functional indoor and outdoor sensor applications. The company will discuss the development of customized dispersion to assist in incorporating graphene into various end-use systems and formulations.
PPG Industries will demonstrate various products and technologies, including the entire range of mobility coatings for the autonomous, connected, electrified and shared (ACES) vehicle ecosystem.
The company will exhibit polymer-thick-film circuit materials for electronic applications. Moreover, it will emphasize its role as a conductive coatings supplier to most of the world’s key consumer electronic, medical device and aerospace companies. The company’s conductive coatings offer better performance properties and lower application costs compared with competing technologies — including vacuum metallization and selective plating. The company’s conductive coatings also offer outstanding electromagnetic interference (EMI)/RFI shielding and electrical conductivity.
Moreover, PPG Industries plans to showcase its engineered materials, including Cuming Microwave materials, which are designed to eliminate EMI problems and reduce noise in electronic packages.
Shares of the company have gained 21.7% year to date against the industry’s 20.8% decline.
PPG Industries recorded net income from continuing operations of $366 million or $1.54 per share in the third quarter compared with $368 million or $1.51 per share a year ago. Its adjusted earnings per share of $1.67 surpassed the Zacks Consensus Estimate of $1.61.
The company’s revenues inched up 0.2% year over year to $3,826 million in the third quarter. However, the top line missed the Zacks Consensus Estimate of $3,896.7 million.
PPG Industries anticipates soft global economic growth for the fourth quarter. It expects the same to impact several end-use markets.
For 2019, the company anticipates adjusted EPS of $6.17-$6.27. The projection includes fourth quarter year-over-year growth in constant currencies of around 15% at the mid-point. Moreover, the adjusted EPS growth is at the low-to-mid end of 7-10% range the company mentioned earlier, excluding the impacts of currency translation.
The company anticipates sales growth in a low-single-digit percentage for the year, which excludes the impacts of currency translation.
PPG Industries, Inc. Price and Consensus
PPG Industries, Inc. price-consensus-chart | PPG Industries, Inc. Quote
Zacks Rank & Stocks to Consider
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Impala Platinum Holdings Ltd. (IMPUY - Free Report) , Franco-Nevada Corporation (FNV - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Impala Platinum has an expected earnings growth rate of 248.3% for the current fiscal year. The company’s shares have surged 228.1% in the past year.
Franco-Nevada has a projected earnings growth rate of 46.2% for 2019. The company’s shares have rallied 46.8% in a year.
Agnico Eagle has an estimated earnings growth rate of 168.6% for the current year. Its shares have moved up 66% in the past year.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>