Research Analysts Issue Forecasts for RPM International Inc.’s Q2 2017 Earnings (RPM)
RPM International Inc. (NYSE:RPM) – Research analysts at Seaport Global Securities lowered their Q2 2017 earnings per share estimates for shares of RPM International in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Harrison now expects that the firm will post earnings per share of $0.64 for the quarter, down from their prior estimate of $0.67. Seaport Global Securities has a “Neutral” rating and a $57.00 price objective on the stock. Seaport Global Securities also issued estimates for RPM International’s Q3 2017 earnings at $0.16 EPS, Q4 2017 earnings at $1.15 EPS, Q1 2018 earnings at $0.90 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $1.24 EPS and FY2018 earnings at $3.13 EPS.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03. RPM International had a net margin of 7.62% and a return on equity of 27.52%. The firm had revenue of $1.25 billion for the quarter. During the same period last year, the firm earned $0.74 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the stock. Wellington Shields cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Zacks Investment Research cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of RPM International in a research report on Monday, July 18th. Morgan Stanley restated a “buy” rating on shares of RPM International in a report on Thursday, June 16th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of RPM International in a report on Wednesday, October 5th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $54.67.
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RPM International (NYSE:RPM) traded down 0.08% on Wednesday, hitting $48.29. 317,579 shares of the stock traded hands. RPM International has a 52 week low of $36.78 and a 52 week high of $55.92. The firm has a market capitalization of $6.44 billion, a PE ratio of 17.71 and a beta of 1.38. The stock has a 50 day moving average of $52.89 and a 200 day moving average of $51.41.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC bought a new stake in RPM International during the second quarter worth about $112,000. Fuller & Thaler Asset Management Inc. acquired a new position in RPM International during the second quarter valued at $115,000. Moon Capital Management LLC acquired a new position in RPM International during the second quarter valued at $199,000. FDx Advisors Inc. acquired a new position in RPM International during the second quarter valued at $205,000. Finally, Johnson Financial Group Inc. acquired a new position in RPM International during the second quarter valued at $250,000. 72.08% of the stock is currently owned by institutional investors.
In related news, Chairman Frank C. Sullivan sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $53.56, for a total transaction of $3,213,600.00. Following the transaction, the chairman now directly owns 1,144,622 shares of the company’s stock, valued at $61,305,954.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew T. Ratajczak sold 4,152 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $54.04, for a total transaction of $224,374.08. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from RPM International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, October 13th. RPM International’s dividend payout ratio (DPR) 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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