$1.50 Billion in Sales Expected for RPM International Inc. (RPM) This Quarter
Equities analysts expect RPM International Inc. (NYSE:RPM) to announce $1.50 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for RPM International’s earnings. The lowest sales estimate is $1.48 billion and the highest is $1.53 billion. RPM International reported sales of $1.43 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Monday, July 24th.
According to Zacks, analysts expect that RPM International will report full year sales of $1.50 billion for the current fiscal year, with estimates ranging from $4.82 billion to $4.99 billion. For the next year, analysts forecast that the company will report sales of $5.18 billion per share, with estimates ranging from $5.05 billion to $5.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for RPM International.
A number of equities analysts have recently weighed in on RPM shares. BidaskClub raised RPM International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Seaport Global Securities raised RPM International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $60.00 in a research report on Tuesday, May 16th. Zacks Investment Research raised RPM International from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $49.00 target price on shares of RPM International in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.40.
Several institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of RPM International during the first quarter worth $116,000. Trust Co. of Vermont raised its position in shares of RPM International by 116.9% in the second quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock worth $154,000 after buying an additional 1,520 shares during the last quarter. Timber Hill LLC purchased a new position in shares of RPM International during the first quarter worth $234,000. DF Dent & Co. Inc. raised its position in shares of RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock worth $241,000 after buying an additional 285 shares during the last quarter. Finally, Flinton Capital Management LLC raised its position in shares of RPM International by 4.1% in the first quarter. Flinton Capital Management LLC now owns 4,512 shares of the specialty chemicals company’s stock worth $248,000 after buying an additional 176 shares during the last quarter. 72.54% of the stock is currently owned by institutional investors.
RPM International (RPM) opened at 54.67 on Friday. The stock’s 50 day moving average is $55.16 and its 200 day moving average is $53.56. RPM International has a 52 week low of $46.25 and a 52 week high of $56.48. The company has a market capitalization of $7.30 billion, a PE ratio of 35.00 and a beta of 1.55.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, July 13th. RPM International’s payout ratio is 79.47%.
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, 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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