PPG Industries Inc. Stock Buy Recommendation Reiterated (PPG)
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- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Chemicals industry. The net income increased by 18438.5% when compared to the same quarter one year prior, rising from $13.00 million to $2,410.00 million.
- Powered by its strong earnings growth of 562.50% and other important driving factors, this stock has surged by 38.52% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- 42.10% 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 72.35% significantly outperformed against the industry average.
- PPG INDUSTRIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, PPG INDUSTRIES INC reported lower earnings of $5.66 versus $6.87 in the prior year. This year, the market expects an improvement in earnings ($7.86 versus $5.66).
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 1.1%. Since the same quarter one year prior, revenues slightly dropped by 0.1%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
--Written by a member of TheStreet Ratings Staff. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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