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The Valspar Corp (NYSE:VAL) on Watch List
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[BusinessWire]The Valspar Corp (NYSE:VAL) will release its first quarter fiscal 2015 financial results on Tuesday, February 24, 2015, before the market opens.
The Company will host a conference call to discuss the results on Tuesday, February 24, 2015, beginning at 11:00 a.m. ET (10:00 a.m. CT). Valspar’s senior executive management will review results for the first quarter, provide an update on the business and take questions from analysts. ……. Read the full article here.
Analysis
The Valspar Corp (NYSE:VAL) [Trend Analysis] last released quarterly earnings on November 25th for the period ending October 31st 2014. The company reported actual earnings per share of $0.1.38 against Zack’s Research estimate of $1.15. This represents a 20% ($0.23) surprise upside to the expected number.
The average broker recommendation according to Zacks is 2.39 based on 12 recommendations. On a consensus basis, analysts have a short term target price of $90 and expect a long term growth rate of 11.20%. Out of 265 companies within the Paint and Related Products industry, the company sits at 41. Zacks gives a current quarter EPS estimate of 0.76 and a Hold rating of 3 which is based on short term performance over the next one to three months. Of the companies included in the Zack’s consensus rating, 3 rate the stock a Strong Buy, 2 rates it a buy and 6 see it as a Hold.
About The Valspar
The Valspar Corp (NYSE:VAL) develops, manufactures, and distributes a range of coatings, paints, and related products worldwide. It operates in two segments, Coatings and Paints. The Coatings segment offers decorative and protective coatings for metal, wood, and plastic primarily for original equipment manufacturing customers. Its products include primers, top coats, varnishes, sprays, stains, fillers, and other coatings used in manufacturing industries, such as agricultural and construction equipment, appliances, building products, furniture, metal fabrication, metal packaging, and transportation. This segment also provides color design and technical services. The Paints segment offers various paints, primers, topcoats, and aerosol spray paints through retailers, distribution networks, and company-owned stores under the VALSPAR, CABOT, HUARUN, WATTYL, SOLVER, PLASTI-KOTE, DE BEER, OCTORAL, and HOUSE OF KOLOR brands.











