Q1 2018 Earnings Forecast for RPM International Inc. Issued By Northcoast Research (NYSE:RPM)
RPM International Inc. (NYSE:RPM) – Research analysts at Northcoast Research issued their Q1 2018 EPS estimates for shares of RPM International in a note issued to investors on Tuesday. Northcoast Research analyst K. Hocevar anticipates that the specialty chemicals company will post earnings per share of $0.84 for the quarter. Northcoast Research also issued estimates for RPM International’s Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $1.20 EPS and FY2018 earnings at $2.90 EPS.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, May 2nd. Bank of America Corporation reduced their price target on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday. BidaskClub upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $49.00 price target on shares of RPM International in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $58.00.
RPM International (NYSE RPM) traded down 0.08% during midday trading on Wednesday, hitting $52.48. The stock had a trading volume of 605,340 shares. The stock’s 50 day moving average price is $55.16 and its 200-day moving average price is $53.56. The company has a market cap of $7.01 billion, a PE ratio of 33.60 and a beta of 1.55. RPM International has a 52 week low of $46.25 and a 52 week high of $56.48.
RPM International (NYSE:RPM) last issued its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, July 13th. RPM International’s payout ratio is presently 90.91%.
Large investors have recently modified their holdings of the stock. State Street Corp increased its stake 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 last quarter. BTIM Corp. bought a new stake in shares of RPM International during the second quarter valued at about $8,197,000. BB&T Securities LLC increased its stake 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 in the last quarter. GW&K Investment Management LLC increased its stake in shares of RPM International by 17.6% in the second quarter. GW&K Investment Management LLC now owns 887,994 shares of the specialty chemicals company’s stock valued at $48,440,000 after buying an additional 133,104 shares in the last quarter. Finally, LaFleur & Godfrey LLC bought a new stake in shares of RPM International during the first quarter valued at about $5,126,000. 72.58% of the stock is owned by hedge funds and other institutional investors.
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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