PPG Industries Inc. PPG lately introduced that its SEM Merchandise enterprise has launched a full line of efficiency abrasives geared toward simplifying advanced vehicle collision repairs whereas emphasizing technicians’ calls for.
SEM Efficiency Abrasives are particularly tailor-made for every stage of the restore process. The product line contains precision grain know-how, which is meant to offer fast chopping, longevity and consistency throughout a variety of repairs and substrates.
SEM abrasives supply excessive sturdiness, nice edgewear and a good chopping floor, permitting professionals to perform exceptional feather-edging outcomes. One other profit is the multi-hole design, which allows dustless sanding. This will increase the product’s longevity whereas additionally making a cleaner work surroundings, which reduces the necessity for normal cleanups and improves general effectivity.
PPG’s novel line of SEM Efficiency Abrasives was created with technicians in thoughts, giving them the merchandise they should attain nice outcomes whereas streamlining their restore course of.
Shares of PPG have gained 3% over the previous 12 months in contrast with a 4.5% decline of its industry.
Picture Supply: Zacks Funding Analysis
PPG expects adjusted earnings per share (EPS) for the third quarter within the vary of $2.10-$2.20. For the complete 12 months, the corporate expects adjusted EPS within the band of $8.15 to $8.30. These projections take into account varied components reminiscent of present world financial exercise, uneven world industrial manufacturing, diminished world automotive manufacturing, stabilizing demand in Europe, sustained development in Mexico and India and low single-digit development in China.
PPG Industries, Inc. Value and Consensus
PPG Industries, Inc. price-consensus-chart | PPG Industries, Inc. Quote
Zacks Rank & Key Picks
PPG presently carries a Zacks Rank #4 (Promote).
Higher-ranked shares within the primary supplies house embody Carpenter Know-how Company CRS, Eldorado Gold Company EGO and Hawkins, Inc. HWKN.
Carpenter Know-how presently carries a Zacks Rank #1 (Sturdy Purchase). CRS beat the Zacks Consensus Estimate in every of the final 4 quarters, with the typical earnings shock being 15.9%. The corporate’s shares have soared 111.7% previously 12 months. You’ll be able to see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Eldorado’s current-year earnings is pegged at $1.40 per share, indicating a year-over-year rise of 145.6%. EGO, a Zacks Rank #1 inventory, beat the consensus estimate in every of the final 4 quarters, with the typical earnings shock being 430.3%. The corporate’s shares have rallied roughly 71.6% previously 12 months.
The Zacks Consensus Estimate for Hawkins’ present fiscal-year earnings is pegged at $4.14, indicating an increase of 15.3% from year-ago ranges. The Zacks Consensus Estimate for HWKN’s present fiscal-year earnings has elevated 12.8% previously 60 days. HWKN, a Zacks Rank #2 (Purchase) inventory, has rallied round 99.1% previously 12 months.
5 Shares Set to Double
Every was handpicked by a Zacks knowledgeable because the #1 favourite inventory to realize +100% or extra in 2024. Whereas not all picks may be winners, earlier suggestions have soared +143.0%, +175.9%, +498.3% and +673.0%.
Many of the shares on this report are flying below Wall Avenue radar, which offers an ideal alternative to get in on the bottom ground.
Today, See These 5 Potential Home Runs >>
PPG Industries, Inc. (PPG) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Eldorado Gold Corporation (EGO) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
