Northcoast Research Research Analysts Lower Earnings Estimates for RPM International Inc. (RPM)
RPM International Inc. (NYSE:RPM) – Investment analysts at Northcoast Research cut their Q2 2017 earnings per share (EPS) estimates for shares of RPM International in a research note issued on Monday. Northcoast Research analyst K. Hocevar now forecasts that the brokerage will earn $0.60 per share for the quarter, down from their prior forecast of $0.61. Northcoast Research also issued estimates for RPM International’s Q4 2017 earnings at $1.13 EPS.
RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The firm had revenue of $1.25 billion for the quarter. RPM International had a net margin of 7.62% and a return on equity of 27.52%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS.
RPM has been the subject of a number of other reports. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of RPM International in a report on Monday, July 18th. Zacks Investment Research cut shares of RPM International from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of RPM International in a report on Wednesday, October 5th. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a report on Thursday, June 16th. Finally, Seaport Global Securities cut shares of RPM International from an “accumulate” rating to a “neutral” rating and increased their target price for the company from $55.00 to $57.00 in a report on Wednesday, August 10th. 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 a consensus price target of $54.67.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/northcoast-research-research-analysts-lower-earnings-estimates-for-rpm-international-inc-rpm.html
RPM International (NYSE:RPM) traded down 1.91% during mid-day trading on Tuesday, hitting $48.15. 389,013 shares of the stock traded hands. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 17.66 and a beta of 1.38. RPM International has a 12 month low of $36.78 and a 12 month high of $55.92. The stock’s 50 day moving average is $53.06 and its 200-day moving average is $51.43.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be given a $0.30 dividend. The ex-dividend date is Thursday, October 13th. This is a positive change from RPM International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. RPM International’s dividend payout ratio is currently 40.44%.
In related news, VP Matthew T. Ratajczak sold 4,152 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $54.04, for a total transaction of $224,374.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Edward W. Moore sold 22,547 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $53.90, for a total transaction of $1,215,283.30. Following the sale, the senior vice president now owns 88,097 shares in the company, valued at approximately $4,748,428.30. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in RPM. Cribstone Capital Management LLC purchased a new stake in shares of RPM International during the second quarter worth about $112,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of RPM International during the second quarter worth about $115,000. Moon Capital Management LLC purchased a new stake in shares of RPM International during the second quarter worth about $199,000. FDx Advisors Inc. purchased a new stake in shares of RPM International during the second quarter worth about $205,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of RPM International during the second quarter worth about $250,000. Hedge funds and other institutional investors own 72.08% of the company’s stock.
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.
Receive News & Ratings for RPM International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.