Market Update (NYSE:PPG): PPG to Announce Fourth Quarter and Full-Year 2015 Results Jan. 21, 2016

[Business Wire] – PPG Industries announces the following details for its fourth quarter and full-year 2015 earnings release and teleconference call. Read more on this. PPG Industries, Inc. (PPG) , valued at $26.73B, opened this morning at $98.63. Looking at the stock, its one day range is $97.46 to $99.32 and has traded between $82.93 and $118.95 over the past 12 months. PPG shares are currently priced at 17.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.20x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 1.46%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.22 per share, which would be $0.16 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $5.69, which would be a $0.81 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.76 Billion. If reported, that would be a 1.35% increase over the year-ago quarter. Recently, Seaport Global Securities Initiated PPG at Accumulate (Jan 5, 2016). Previously, UBS upgraded PPG from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $118.13, which is 19.77% above where the stock opened this morning. See more in (NYSE:PPG) Similar Articles: Company Update (NYSE:PPG): PPG Lifts Fresno Glass Manufacturing Force Majeure, Will Invest $20 Million in 2016 for Facility Enhancements Company Update (NYSE:PH): Parker Reports Fiscal 2015 Fourth Quarter and Full Year Results Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Parker to Announce Fiscal 2015 Fourth Quarter and Full Year Earnings on August 4; Conference Call and Webcast Scheduled for 11 a.m. Eastern