PPG Industries (PPG) Declares $0.59 Quarterly Dividend; 1.4% Yield
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Go back to PPG Industries (PPG) Declares $0.59 Quarterly Dividend; 1.4% Yield
October 22, 2021 8:10 AM EDT
BMO Capital analyst John McNulty lowered the price target on PPG Industries (NYSE: PPG) to $185.00 (from $188.00) while maintaining an Outperform rating.
The analyst commented, "PPGs stock is poised for outperformance as the raw material inflation and supply chain... More
October 21, 2021 9:12 AM EDT
UBS analyst John Roberts raised the price target on PPG Industries (NYSE: PPG) to $190.00 (from $189.00) while maintaining a Buy rating.... More
October 20, 2021 4:19 PM EDT
PPG Industries (NYSE: PPG) reported Q3 EPS of $1.69, $0.08 better than the analyst estimate of $1.61. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.24 billion.
Chairman and CEO Comments
Michael H. McGarry, PPG chairman and chief executive officer, commented on the quarter:
As we communicated in early September, supply-chain disruptions worsened during the quarter as various commodity and component shortages restricted both our manufacturing output and that of certain customers. While overall demand remained robust during the quarter, these increased disruptions prevented us from completely fulfilling our strong order... More
