Q1 2018 EPS Estimates for RPM International Inc. Cut by KeyCorp (NYSE:RPM)
RPM International Inc. (NYSE:RPM) – Research analysts at KeyCorp cut their Q1 2018 earnings estimates for RPM International in a note issued to investors on Tuesday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings of $0.83 per share for the quarter, down from their prior estimate of $0.87. KeyCorp also issued estimates for RPM International’s Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $1.22 EPS and FY2018 earnings at $2.85 EPS.
RPM International (NYSE:RPM) last posted its quarterly earnings data on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business earned $1.13 EPS. RPM International’s revenue was up 4.6% compared to the same quarter last year.
Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of RPM International from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Seaport Global Securities raised shares of RPM International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $60.00 in a report on Tuesday, May 16th. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, May 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $49.00 price objective on shares of RPM International in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $58.00.
RPM International (NYSE:RPM) traded down 1.27% on Thursday, reaching $51.96. 601,047 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $54.83 and its 200 day moving average price is $53.53. RPM International has a 52-week low of $46.25 and a 52-week high of $56.48. The firm has a market capitalization of $6.94 billion, a PE ratio of 33.27 and a beta of 1.55.
The business also recently declared 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 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, July 13th. RPM International’s dividend payout ratio is presently 90.91%.
Several large investors have recently made changes to their positions in RPM. Advisory Services Network LLC bought a new stake in shares of RPM International during the first quarter valued at $116,000. Trust Co. of Vermont boosted its stake 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 valued at $154,000 after buying an additional 1,520 shares in the last quarter. Timber Hill LLC bought a new stake in shares of RPM International during the first quarter valued at $234,000. DF Dent & Co. Inc. boosted its stake 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 valued at $241,000 after buying an additional 285 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its stake 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 valued at $248,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 72.58% of the company’s stock.
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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