Brokerages Expect RPM International Inc. (RPM) Will Post Earnings of $0.18 Per Share

Brokerages expect RPM International Inc. (NYSE:RPM) to announce $0.18 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for RPM International’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.12. RPM International posted earnings of $0.14 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The business is scheduled to issue its next earnings results on Thursday, April 5th.

According to Zacks, analysts expect that RPM International will report full-year earnings of $3.02 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.05. For the next fiscal year, analysts forecast that the company will report earnings of $3.33 per share, with EPS estimates ranging from $3.22 to $3.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow RPM International.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.59 by $0.11. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year.

Several analysts have weighed in on RPM shares. Zacks Investment Research downgraded shares of RPM International from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. TheStreet downgraded shares of RPM International from a “b” rating to a “c+” rating in a report on Wednesday, October 4th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $51.00 price objective on shares of RPM International in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.86.

RPM International (NYSE:RPM) traded up $0.64 during midday trading on Monday, hitting $52.99. 670,500 shares of the company traded hands, compared to its average volume of 1,273,069. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 2.23. The company has a market cap of $7,082.96, a price-to-earnings ratio of 20.46, a PEG ratio of 1.90 and a beta of 1.53. RPM International has a 1 year low of $47.87 and a 1 year high of $56.69.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Tuesday, January 16th. RPM International’s dividend payout ratio is presently 49.42%.

In other news, Chairman Frank C. Sullivan sold 35,000 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total value of $1,833,300.00. Following the completion of the sale, the chairman now directly owns 1,188,489 shares in the company, valued at $62,253,053.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Edward W. Moore sold 2,578 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total transaction of $138,670.62. Following the completion of the sale, the senior vice president now owns 98,417 shares of the company’s stock, valued at $5,293,850.43. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in RPM. First Manhattan Co. boosted its stake in RPM International by 4.9% during the fourth quarter. First Manhattan Co. now owns 100,817 shares of the specialty chemicals company’s stock worth $5,284,000 after buying an additional 4,665 shares during the period. California Public Employees Retirement System boosted its stake in RPM International by 6.5% during the third quarter. California Public Employees Retirement System now owns 280,842 shares of the specialty chemicals company’s stock worth $14,418,000 after buying an additional 17,242 shares during the period. Janney Montgomery Scott LLC boosted its stake in RPM International by 8.6% during the third quarter. Janney Montgomery Scott LLC now owns 36,731 shares of the specialty chemicals company’s stock worth $1,886,000 after buying an additional 2,899 shares during the period. Empire Life Investments Inc. purchased a new position in RPM International during the third quarter worth about $29,293,000. Finally, TimesSquare Capital Management LLC boosted its stake in RPM International by 53.9% during the third quarter. TimesSquare Capital Management LLC now owns 1,123,600 shares of the specialty chemicals company’s stock worth $57,686,000 after buying an additional 393,500 shares during the period. 75.30% of the stock is owned by hedge funds and other institutional investors.

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

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