RPM International Inc. (RPM) Issues FY18 Earnings Guidance
RPM International Inc. (NYSE:RPM) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.85-2.95 for the period, compared to the Thomson Reuters consensus estimate of $2.88.
RPM has been the subject of several recent research reports. Robert W. Baird reiterated a hold rating and set a $56.00 target price on shares of RPM International in a research note on Friday, September 1st. Zacks Investment Research raised shares of RPM International from a hold rating to a buy rating and set a $62.00 target price on the stock in a report on Wednesday, June 7th. BidaskClub downgraded shares of RPM International from a sell rating to a strong sell rating in a research report on Saturday, August 12th. Wellington Shields upgraded shares of RPM International from a hold rating to an accumulate rating in a research report on Friday, August 18th. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $49.00 price target on shares of RPM International in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. RPM International currently has a consensus rating of Hold and a consensus price target of $57.71.
RPM International Inc. (NYSE RPM) opened at 52.92 on Wednesday. RPM International Inc. has a 52 week low of $46.25 and a 52 week high of $56.48. The company’s 50-day moving average price is $49.85 and its 200-day moving average price is $52.52. The company has a market capitalization of $7.07 billion, a P/E ratio of 38.77 and a beta of 1.55.
RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that RPM International Inc. will post $2.88 EPS for the current fiscal year.
In other news, SVP Edward W. Moore sold 10,568 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $52.04, for a total value of $549,958.72. Following the transaction, the senior vice president now owns 92,549 shares in the company, valued at approximately $4,816,249.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by company insiders.
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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