Zacks: Brokerages Anticipate RPM International Inc. (RPM) Will Announce Earnings of $0.20 Per Share

Equities research analysts predict that RPM International Inc. (NYSE:RPM) will announce $0.20 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for RPM International’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.22. RPM International reported earnings per share of $0.14 in the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The company is expected to issue its next quarterly earnings results on Thursday, April 5th.

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 financial year, analysts forecast that the firm will report earnings of $3.14 per share, with EPS estimates ranging from $2.99 to $3.24. Zacks’ EPS averages are a mean average based on a survey of research firms that follow RPM International.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.26 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. RPM International’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS.

Several analysts have issued reports on RPM shares. TheStreet upgraded shares of RPM International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Royal Bank of Canada reiterated a “hold” rating and issued a $51.00 target price on shares of RPM International in a research note on Wednesday, November 15th. Finally, Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. RPM International presently has a consensus rating of “Hold” and an average target price of $57.33.

RPM International (RPM) traded down $1.11 on Friday, reaching $52.36. 3,459,400 shares of the company traded hands, compared to its average volume of 1,891,200. RPM International has a 52 week low of $47.87 and a 52 week high of $56.69. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.38 and a current ratio of 2.16. The company has a market cap of $7,180.00, a P/E ratio of 20.70, a PEG ratio of 2.38 and a beta of 1.53.

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 given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, January 16th. RPM International’s dividend payout ratio (DPR) is currently 50.59%.

In other news, insider Ronald A. Rice sold 44,839 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System raised its position in RPM International by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 280,842 shares of the specialty chemicals company’s stock worth $14,418,000 after purchasing an additional 17,242 shares during the period. Janney Montgomery Scott LLC raised its position in RPM International by 8.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,731 shares of the specialty chemicals company’s stock worth $1,886,000 after purchasing an additional 2,899 shares during the period. Empire Life Investments Inc. purchased a new position in RPM International in the 3rd quarter worth $29,293,000. TimesSquare Capital Management LLC raised its position in RPM International by 53.9% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,123,600 shares of the specialty chemicals company’s stock worth $57,686,000 after purchasing an additional 393,500 shares during the period. Finally, Mawer Investment Management Ltd. grew its holdings in RPM International by 0.4% in the 3rd quarter. Mawer Investment Management Ltd. now owns 967,758 shares of the specialty chemicals company’s stock worth $49,685,000 after acquiring an additional 3,850 shares during the last quarter. Institutional investors own 75.44% 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).

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Earnings History and Estimates for RPM International (NYSE:RPM)

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