The Sherwin-Williams Company Announces Preliminary Unaudited 4Q18 and Full Year 2018 Sales and Earnings Results
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January 16, 2019 6:49 AM EST
RBC Capital analyst Arun Viswanathan lowered the price target on Sherwin-Williams (NYSE: SHW) to $420.00 (from $442.00) while maintaining a Outperform rating following Q4 miss.
Viswanathan said they are encouraged by rebounding store sales in December and January.
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January 16, 2019 6:42 AM EST
Deutsche Bank analyst Nishu Sood lowered the price target on Sherwin-Williams (NYSE: SHW) to $445.00 (from $465.00) while maintaining a Buy rating following Q4 warning.
Sood commented, "Investor concerns about the end of the construction and economic cycle are rising, so Sherwin's 4Q18 shortfall appears ominous; however, there is a more benign explanation as well - namely that Sherwin's... More
January 15, 2019 7:09 AM EST
4Q18 consolidated net sales increased approximately 2% compared to 4Q17FY18 diluted net income per share expected to be approximately $11.15 per shareAdjusted FY18 diluted net income per share expected to be approximately $18.53, excluding acquisition-related costs and other non-operating expenses of $4.66 and $2.72 per share, respectivelyPrior adjusted FY18 guidance was $19.05 to $19.20 per share, excluding acquisition-related costs and other non-operating expenses of $3.86 and $1.34 per share, respectivelyConference call at 8:30 a.m. EST today to discuss preliminary resultsCompany to provide detailed 4Q18 and FY18 results and 2019 outlook on January 31st as previously announced
The Sherwin-Williams Company... More
