Why Sherwin-Williams (SHW) Stock Is Up Today

NEW YORK (TheStreet) -- Sherwin-Williams  (SHW) rose to a high of $200 for the day on Thursday after the paint products maker reported a 9.2% year-over-year revenue increase in its first-quarter earnings report.

Sherwin-Williams said revenue rose to $2.37 billion from $2.17 billion in the same period one year earlier. Selling, general and administrative expenses increased 14% to $884 million, which led to an earnings dip. Earnings totaled $115.5 million, or $1.14 a share, down from $116.2 million, or $1.11 a share, in the same quarter one year ago.

Sales in stores open at least a year rose 7.9% in the quarter.

The company also forecast earnings in the range of $2.80 a share to $3 a share and an 8% to 14% revenue increase in the second quarter. Analysts expected $2.86 a share and a 10% revenue increase.

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Separately, TheStreet Ratings team rates SHERWIN-WILLIAMS CO as a "buy" with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate SHERWIN-WILLIAMS CO (SHW) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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