Zacks: Analysts Anticipate RPM International Inc. (RPM) to Post $1.17 EPS
Equities research analysts expect RPM International Inc. (NYSE:RPM) to post earnings of $1.17 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for RPM International’s earnings, with estimates ranging from $1.15 to $1.20. RPM International reported earnings per share of $1.13 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.5%. The firm is scheduled to issue its next earnings results before the market opens on Monday, July 24th.
According to Zacks, analysts expect that RPM International will report full year earnings of $2.67 per share for the current financial year, with EPS estimates ranging from $2.65 to $2.70. For the next year, analysts expect that the business will report earnings of $2.97 per share, with EPS estimates ranging from $2.75 to $3.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow RPM International.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, April 6th. The specialty chemicals company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.02. RPM International had a net margin of 4.22% and a return on equity of 26.36%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $0.14 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis.
Several equities analysts recently commented on RPM shares. Seaport Global Securities raised shares of RPM International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $60.00 in a research report on Tuesday, May 16th. TheStreet raised shares of RPM International from a “c+” rating to a “b-” rating in a research report on Thursday, March 16th. Zacks Investment Research lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. BidaskClub lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $49.00 price target on shares of RPM International in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $58.40.
A number of institutional investors have recently modified their holdings of RPM. Norges Bank bought a new position in shares of RPM International during the fourth quarter valued at approximately $60,036,000. State Street Corp raised its position in shares of RPM International by 4.1% in the first quarter. State Street Corp now owns 6,533,969 shares of the specialty chemicals company’s stock valued at $359,572,000 after buying an additional 257,980 shares during the period. BB&T Securities LLC raised its position in shares of RPM International by 320.5% in the first quarter. BB&T Securities LLC now owns 189,588 shares of the specialty chemicals company’s stock valued at $10,433,000 after buying an additional 144,500 shares during the period. LaFleur & Godfrey LLC bought a new position in shares of RPM International during the first quarter valued at approximately $5,126,000. Finally, Mawer Investment Management Ltd. increased its stake in RPM International by 9.7% in the first quarter. Mawer Investment Management Ltd. now owns 963,978 shares of the specialty chemicals company’s stock valued at $53,048,000 after buying an additional 85,425 shares in the last quarter. 72.94% of the stock is owned by hedge funds and other institutional investors.
RPM International (NYSE RPM) traded up 0.98% during mid-day trading on Tuesday, hitting $54.61. 127,122 shares of the stock traded hands. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 34.96 and a beta of 1.53. RPM International has a 12-month low of $46.25 and a 12-month high of $56.48. The firm’s 50-day moving average is $53.97 and its 200-day moving average is $53.41.
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RPM International Company Profile
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, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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