The Sherwin-Williams Company Reports 2016 Second Quarter Financial Results
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July 22, 2016 7:45 AM EDT
CLSA upgraded Sherwin-Williams (NYSE: SHW) from Outperform to Buy.
For an analyst ratings summary and ratings history on Sherwin-Williams click here. For more ratings news on Sherwin-Williams click here.
Shares of Sherwin-Williams closed at $290.63 yesterday.
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July 21, 2016 7:04 AM EDT
Sherwin-Williams (NYSE: SHW) reported Q2 EPS of $4.15, $0.01 worse than the analyst estimate of $4.16. Revenue for the quarter came in at $3.22 billion versus the consensus estimate of $3.28 billion.
GUIDANCE:
Sherwin-Williams sees Q3 2016 EPS of $4.10-$4.30, versus the consensus of $4.41.
Sherwin-Williams raised FY2016 EPS to $11.65-$11.85, which may not compare to the consensus of $12.68.
Commenting on the financial results, John G. Morikis, President and Chief Executive Officer, said, "We are pleased to report record sales and earnings per share from the continued positive sales volume and strong operating... More
