Valspar Corporation (The) stock price

Valspar Corporation (The) latest news:


  • 01/25/2018 05:22:21

    Sherwin-Williams shares fall after earnings miss

    Sherwin-Williams Co. shares fell nearly 3% in Thursday premarket trading after the paint company reported fourth-quarter earnings that missed consensus. Net income totaled $867.4 million, or $9.39 per share, up from $203.0 million, or $2.15 for the same period last year. The company received a one-time benefit of $7.04 per share from deferred income tax liability reductions. Adjusted EPS was $2.95, below the FactSet consensus of $3.15. Sales totaled $3.98 billion, up from $2.78 billion and ahead of the $3.93 billion FactSet consensus. Sherwin-Williams acquired Valspar Corp. in 2017. Sherwin-Williams expects first-quarter sales to increase by mid-to-high single digits percentage year-over-year. Full-year sales are expected to grow in the mid-to-high single digit percentage range with EPS in the range of $15.35 to $15.85. The FactSet consensus is $18.36. Sherwin-Williams shares are up 51.5% for the past year while the S&P 500 index is up 23.5% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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