Sherwin-Williams Guides FY EPS to $10.92-$11.22
SHW sits 17% above its 52-week low of $289.86.
Summary
Sherwin-Williams now sees full-year adjusted EPS of $11.85 to $12.15, replacing the earlier $10.92 to $11.22 range it put on the table. That earlier range followed the Q2 report on July 28, when sales rose 7.5%, adjusted EPS came in at $3.70 and the company already raised full-year guidance. The company has since reported third-quarter net income of $821 million, EPS of $3.38 and sales of $6.86 billion. With the stock at $339, the guide is the key input for valuation into year-end.
At the time of this announcement, SHW was trading at $339.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $81.4B. The 52-week trading range was $289.86 to $377.77. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.