RPM International (RPM) Issues Quarterly Earnings Results

RPM International (NYSE:RPM) posted its quarterly earnings results on Thursday. The specialty chemicals company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.59 by $0.11, Bloomberg Earnings reports. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.26 billion. RPM International had a return on equity of 24.73% and a net margin of 3.67%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. RPM International updated its FY18 guidance to $3.00-3.10 EPS.

Shares of RPM International (NYSE:RPM) opened at $53.47 on Thursday. RPM International has a 12 month low of $47.87 and a 12 month high of $56.48. The firm has a market capitalization of $7,140.00, a P/E ratio of 41.45, a PEG ratio of 2.38 and a beta of 1.53. The company has a quick ratio of 1.38, a current ratio of 2.16 and a debt-to-equity ratio of 1.20.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.39%. RPM International’s dividend payout ratio is currently 99.22%.

Several equities analysts have commented on RPM shares. TheStreet cut RPM International from a “b” rating to a “c+” rating in a report on Wednesday, October 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $51.00 price target on shares of RPM International in a report on Wednesday, November 15th. Finally, Zacks Investment Research cut RPM International from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.33.

In other news, insider Ronald A. Rice sold 44,839 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $51.83, for a total value of $2,324,005.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.10% of the company’s stock.

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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).

Earnings History for RPM International (NYSE:RPM)

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