RPM International Inc. (RPM) Forecasted to Post FY2018 Earnings of $3.10 Per Share
RPM International Inc. (NYSE:RPM) – Equities researchers at Gabelli lowered their FY2018 EPS estimates for shares of RPM International in a report issued on Friday. Gabelli analyst R. Morbelli now expects that the firm will earn $3.10 per share for the year, down from their prior estimate of $3.15. Gabelli also issued estimates for RPM International’s FY2019 earnings at $3.45 EPS.
A number of other equities research analysts also recently weighed in on RPM. Wells Fargo & Co. restated a “buy” rating on shares of RPM International in a research report on Wednesday, October 5th. Wellington Shields downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a report on Thursday, June 16th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of RPM International in a report on Monday, July 18th. Finally, Zacks Investment Research downgraded RPM International from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $54.67.
Shares of RPM International (NYSE:RPM) opened at 49.18 on Monday. The stock’s 50 day moving average price is $53.22 and its 200 day moving average price is $51.34. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 18.67 and a beta of 1.38. RPM International has a one year low of $36.78 and a one year high of $55.92.
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RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The business earned $1.25 billion during the quarter. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 earnings per share.
Large investors have recently made changes to their positions in the company. BB&T Securities LLC acquired a new stake in shares of RPM International during the first quarter valued at about $1,322,000. Geode Capital Management LLC increased its stake in shares of RPM International by 3.5% in the first quarter. Geode Capital Management LLC now owns 801,545 shares of the company’s stock valued at $37,937,000 after buying an additional 26,989 shares during the period. Nuveen Asset Management LLC increased its stake in shares of RPM International by 52.5% in the first quarter. Nuveen Asset Management LLC now owns 82,859 shares of the company’s stock valued at $3,922,000 after buying an additional 28,522 shares during the period. Carnick & Kubik LLC increased its stake in shares of RPM International by 0.7% in the first quarter. Carnick & Kubik LLC now owns 6,872 shares of the company’s stock valued at $325,000 after buying an additional 50 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of RPM International by 2.1% in the second quarter. Nationwide Fund Advisors now owns 300,301 shares of the company’s stock valued at $15,000,000 after buying an additional 6,155 shares during the period. Institutional investors own 72.08% of the company’s stock.
In other RPM International news, VP Barry Slifstein sold 1,000 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $54.27, for a total value of $54,270.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Edward W. Moore sold 22,547 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $53.90, for a total value of $1,215,283.30. Following the completion of the sale, the senior vice president now owns 88,097 shares of the company’s stock, valued at $4,748,428.30. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be issued a $0.30 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, October 13th. RPM International’s dividend payout ratio is 40.44%.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.
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