Sherwin-Williams (SHW) Misses Q2 EPS by 36c
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Sherwin-Williams (SHW) Shares Tumble as Demand Falters
July 27, 2022 12:53 PM EDTShares of Sherwin-Williams (NYSE: SHW) dropped over 10% Wednesday following the company's second-quarter earnings report.
SHW missed consensus estimates, posting earnings of $2.41 per share, $0.36 worse than expectations of $2.77. Revenue for the quarter also missed forecasts, coming in at $5.87 billion versus the consensus estimate of $6.03 billion.
SHW shares hit a low of $220.74... More
Morgan Stanley on Sherwin-Williams (SHW) Q2 2022 Earnings Report: 'We expect a negative response', Maintains Overweight
July 27, 2022 8:46 AM EDTMorgan Stanley analyst Vicent Andrews reiterated an Overweight rating and $330.00 price target on Sherwin-Williams (NYSE: SHW).
The analyst comments "We expect a negative response to both results and outlook, particularly given the company recently reiterated both quarterly and full year guidance at the June 8... More
Sherwin-Williams (SHW) PT Lowered to $225 at Credit Suisse, 'Strong pro architectural not enough'
July 27, 2022 8:44 AM EDTCredit Suisse analyst John Roberts lowered the price target on Sherwin-Williams (NYSE: SHW) to $225.00 (from $245.00) while maintaining a Underperform rating.
The analyst comments "PT reduced to $225 from $245. 2023e EPS reduced to $10.50 from $10.85. NTM EBITDA rolls forward to ~$4.3B (end JunQ24E) from ~$4.25B... More
