Analysts Anticipate RPM International Inc. (RPM) Will Post Earnings of $0.60 Per Share
Wall Street analysts expect RPM International Inc. (NYSE:RPM) to report earnings of $0.60 per share for the current quarter, Zacks reports. Three analysts have issued estimates for RPM International’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.57. RPM International posted earnings of $0.52 per share in the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The firm is expected to announce its next quarterly earnings report on Thursday, January 4th.
On average, analysts expect that RPM International will report full-year earnings of $2.86 per share for the current year, with EPS estimates ranging from $2.80 to $2.90. For the next fiscal year, analysts forecast that the company will report earnings of $3.14 per share, with EPS estimates ranging from $2.99 to $3.24. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for RPM International.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $0.83 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis.
RPM has been the subject of several recent analyst reports. TheStreet cut shares of RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, October 4th. BidaskClub cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Bank of America Corporation decreased their target price on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Finally, Wellington Shields upgraded shares of RPM International from a “hold” rating to an “accumulate” rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $57.00.
In other news, SVP Edward W. Moore sold 10,568 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the transaction, the senior vice president now directly owns 92,549 shares in the company, valued at $4,816,249.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ronald A. Rice sold 44,839 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total transaction of $2,324,005.37. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of RPM. UBS Asset Management Americas Inc. boosted its holdings in shares of RPM International by 20.9% in the first quarter. UBS Asset Management Americas Inc. now owns 91,081 shares of the specialty chemicals company’s stock valued at $5,012,000 after acquiring an additional 15,740 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of RPM International by 18.5% in the first quarter. Teachers Advisors LLC now owns 137,519 shares of the specialty chemicals company’s stock valued at $7,568,000 after acquiring an additional 21,513 shares in the last quarter. Paloma Partners Management Co boosted its holdings in shares of RPM International by 4.8% in the first quarter. Paloma Partners Management Co now owns 13,166 shares of the specialty chemicals company’s stock valued at $725,000 after acquiring an additional 598 shares in the last quarter. Capstone Asset Management Co. boosted its holdings in shares of RPM International by 2.2% in the second quarter. Capstone Asset Management Co. now owns 76,679 shares of the specialty chemicals company’s stock valued at $4,183,000 after acquiring an additional 1,641 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its holdings 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 acquiring an additional 133,104 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.
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Shares of RPM International (NYSE RPM) opened at 52.08 on Tuesday. The firm has a market capitalization of $6.95 billion, a P/E ratio of 37.44 and a beta of 1.55. RPM International has a 52-week low of $46.25 and a 52-week high of $56.48. The stock’s 50 day moving average is $51.01 and its 200-day moving average is $52.25.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be issued a $0.32 dividend. The ex-dividend date is Friday, October 13th. This is a boost from RPM International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.46%. RPM International’s dividend payout ratio (DPR) is 94.82%.
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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