PPG Industries Inc. Stock Buy Recommendation Reiterated (PPG)
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- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 47.51% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, PPG should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- PPG INDUSTRIES INC has improved earnings per share by 11.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, PPG INDUSTRIES INC increased its bottom line by earning $6.87 versus $4.63 in the prior year. This year, the market expects an improvement in earnings ($7.96 versus $6.87).
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Chemicals industry average. The net income increased by 9.0% when compared to the same quarter one year prior, going from $311.00 million to $339.00 million.
- 40.50% is the gross profit margin for PPG INDUSTRIES INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 8.81% is above that of the industry average.
- Net operating cash flow has increased to $605.00 million or 15.23% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 0.38%.
--Written by a member of TheStreet Ratings Staff. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade
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