Sherwin-Williams Guides FY24 Adj. EPS In Line With Estimates - Update

RTTNews | 575天前
Sherwin-Williams Guides FY24 Adj. EPS In Line With Estimates - Update

(RTTNews) - While reporting financial results for the second quarter on Tuesday, paint and coating manufacturer Sherwin-Williams Co. (SHW) initiated its earnings, adjusted earnings and sales growth guidance for the full-year 2024. The company also provided sales growth guidance for the first quarter.

For fiscal 2024, the company now projects earnings in a range of $10.05 to $10.55 per share and adjusted earnings in a range of $10.85 to $11.35 per share on net sales growth in mid-single digit percentage.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $11.33 per share on net sales growth of 2.4 percent to $23.57 billion for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company anticipates consolidated net sales to be up or down in low-single digits from last year, while analysts are looking for a decline of 0.2 percent to $5.43 billion.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Sherwin-Williams Boosts FY23 Outlook - Update

Sherwin-Williams Boosts FY23 Outlook - Update

While reporting financial results for the second quarter on Tuesday, paint and coating manufacturer Sherwin-Williams Co. (SHW) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2023. The company also provided sales growth guidance for the third quarter.
RTTNews | 759天前
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | 4小时10分钟前
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | 6小时19分钟前
Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.
RTTNews | 8小时48分钟前
Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews | 10小时35分钟前
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | 10小时41分钟前
U.S. Dollar Rises Ahead Of Fed's Powell Speech

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews | 10小时45分钟前