PPG Industries(NYSE:PPG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $4.06B. Analysts estimated a revenue of $4.17B. Earnings per share were $1.85. Analysts had estimated an EPS of $1.86.
In a different note, On Jun 23, 2016, Longbow Research said it Upgrades its rating on PPG Industries. The shares have been rated ‘Buy’ by the firm. On May 6, 2016, CLSA said it Downgrades its rating on PPG Industries. The shares have been rated ‘Outperform’ by the firm.
PPG Industries (PPG) made into the market gainers list on Wednesdays trading session with the shares advancing 1.52% or 1.65 points. Due to strong positive momentum, the stock ended at $110.03, which is also near the day’s high of $110.14. The stock began the session at $108.79 and the volume stood at 23,61,134 shares. The 52-week high of the shares is $117 and the 52 week low is $82.93. The company has a current market capitalization of $29,275 M and it has 26,60,63,409 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Mar 1, 2016, Charles E Bunch (Executive Chairman of Board) sold 46,286 shares at $98.17 per share price.Also, On Feb 26, 2016, Glenn E Ii Bost (Sr. VP & Gen. Counsel) sold 32,925 shares at $95.56 per share price.On Nov 3, 2015, Cynthia A Niekamp (Sr. VP, Automotive Coatings) sold 7,200 shares at $104.35 per share price, according to the Form-4 filing with the securities and exchange commission.
PPG Industries Inc. (PPG) manufactures and distributes a range of coatings optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish aerospace architectural coatings-Americas and Asia Pacific architectural coatings-EMEA and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings sealants and finishes along with paint strippers stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings industrial coatings packaging coatings and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.