PPG Industries, Inc. (NYSE:PPG) reported worse-than-expected fourth-quarter adjusted EPS results and issued FY25 adjusted EPS guidance below estimates, after the closing bell on Thursday.

PPG reported quarterly earnings of $1.61 per share which missed the analyst consensus estimate of $1.65 per share.

Tim Knavish, PPG chairman and chief executive officer, commented on the year and quarter said, "Throughout 2024, we demonstrated resilience in a challenging macro environment by growing our adjusted EPS by 6%, improving aggregate segment margins and generating $1.4 billion in operating cash flow which we returned to shareholders. During the quarter, we repurchased approximately $250 million of stock, and about $750 million for the full year, which represented approximately 3% of our outstanding shares. Combined with our dividend, we have returned $1.4 billion to our shareholders throughout the year."

PPG said it sees adjusted EPS for FY25 will be in the range of $7.75-$8.05, versus market estimates of $8.68.

PPG shares fell 2.9% to trade at $112.07 on Monday.

These analysts made changes to their price targets on PPG following earnings announcement.

• Wells Fargo analyst Michael Sison maintained PPG with an Overweight rating and lowered the price target from $150 to $135.
• Mizuho analyst John Roberts maintained the stock with an Outperform and lowered the price target from $150 to $140.
• Barclays analyst Michael Leithead maintained PPG with an Equal-Weight and cut the price target from $144 to $125.

Considering buying PPG stock? Here’s what analysts think:

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