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

Wall Street brokerages predict that RPM International Inc. (NYSE:RPM) will report earnings of $0.18 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for RPM International’s earnings, with estimates ranging from $0.12 to $0.22. 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 firm is expected to report its next quarterly earnings report 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 financial year, with EPS estimates ranging from $3.00 to $3.05. For the next fiscal year, analysts expect that the business will report earnings of $3.33 per share, with EPS estimates ranging from $3.22 to $3.50. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for RPM International.

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

Several brokerages have commented on RPM. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, January 9th. TheStreet upgraded shares of RPM International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $51.00 price target on shares of RPM International in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $57.86.

Shares of RPM International (RPM) traded down $0.75 during mid-day trading on Thursday, reaching $48.60. 488,497 shares of the company’s stock traded hands, compared to its average volume of 1,251,981. The stock has a market cap of $6,550.00, a PE ratio of 19.24, a P/E/G ratio of 1.78 and a beta of 1.46. RPM International has a 1-year low of $47.86 and a 1-year high of $56.69. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, January 16th. RPM International’s dividend payout ratio is 50.59%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in RPM. Advisory Services Network LLC raised its position in shares of RPM International by 2.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock valued at $119,000 after buying an additional 57 shares in the last quarter. Elefante Mark B purchased a new stake in shares of RPM International during the 4th quarter valued at about $213,000. Opus Capital Group LLC purchased a new stake in shares of RPM International during the 4th quarter valued at about $219,000. Flinton Capital Management LLC grew its holdings in RPM International by 52.1% during the 2nd quarter. Flinton Capital Management LLC now owns 6,864 shares of the specialty chemicals company’s stock valued at $374,000 after purchasing an additional 2,352 shares during the last quarter. Finally, Albion Financial Group UT grew its holdings in RPM International by 1.1% during the 2nd quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock valued at $468,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 75.59% 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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