RPM International Inc. (RPM) Forecasted to Earn Q2 2018 Earnings of $0.58 Per Share
RPM International Inc. (NYSE:RPM) – Equities research analysts at KeyCorp reduced their Q2 2018 earnings per share (EPS) estimates for shares of RPM International in a report issued on Wednesday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings per share of $0.58 for the quarter, down from their prior forecast of $0.65. KeyCorp also issued estimates for RPM International’s Q3 2018 earnings at $0.20 EPS and Q4 2018 earnings at $1.21 EPS.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share.
Several other research analysts have also weighed in on RPM. TheStreet lowered shares of RPM International from a “b” rating to a “c+” rating in a report on Wednesday. Robert W. Baird reiterated a “hold” rating and issued a $56.00 price objective on shares of RPM International in a research report on Friday, September 1st. 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 reiterated a “hold” rating and issued a $49.00 price objective on shares of RPM International in a research report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $57.00.
RPM International (NYSE:RPM) traded up 0.39% during midday trading on Friday, hitting $51.83. 264,923 shares of the stock traded hands. The company has a market cap of $6.93 billion, a PE ratio of 37.97 and a beta of 1.55. RPM International has a one year low of $46.25 and a one year high of $56.48. The company’s 50-day moving average is $49.99 and its 200-day moving average is $52.51.
Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its stake in shares of RPM International by 38.8% in the 1st quarter. Russell Investments Group Ltd. now owns 26,586 shares of the specialty chemicals company’s stock valued at $1,462,000 after purchasing an additional 7,436 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in RPM International by 20.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 91,081 shares of the specialty chemicals company’s stock worth $5,012,000 after buying an additional 15,740 shares in the last quarter. OppenheimerFunds Inc. lifted its position in RPM International by 1.4% during the 1st quarter. OppenheimerFunds Inc. now owns 205,603 shares of the specialty chemicals company’s stock worth $11,315,000 after buying an additional 2,825 shares in the last quarter. Teachers Advisors LLC lifted its position in RPM International by 18.5% during the 1st quarter. Teachers Advisors LLC now owns 137,519 shares of the specialty chemicals company’s stock worth $7,568,000 after buying an additional 21,513 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in RPM International by 9.2% during the 1st quarter. Geode Capital Management LLC now owns 983,053 shares of the specialty chemicals company’s stock worth $54,097,000 after buying an additional 82,981 shares in the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Edward W. Moore sold 10,568 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $52.04, for a total transaction of $549,958.72. Following the transaction, the senior vice president now owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.48%. This is a boost from RPM International’s previous quarterly dividend of $0.30. RPM International’s payout ratio is presently 88.89%.
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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