RPM International Inc. (NYSE:RPM) will issue its Q117 quarterly earnings data on Wednesday, October 5th. Analysts expect the company to announce earnings of $0.80 per share and revenue of $1.28 billion for the quarter. RPM International has set its FY17 guidance at $2.68-2.78 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
RPM International (NYSE:RPM) last released its earnings results on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.12. RPM International had a net margin of 7.37% and a return on equity of 28.11%. The firm earned $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. RPM International’s revenue was up 4.4% compared to the same quarter last year. On average, analysts expect RPM International to post $2.77 EPS for the current fiscal year and $3.07 EPS for the next fiscal year.
Shares of RPM International Inc. (NYSE:RPM) opened at 53.56 on Tuesday. RPM International Inc. has a 12-month low of $36.78 and a 12-month high of $55.92. The stock has a market capitalization of $7.13 billion, a P/E ratio of 20.33 and a beta of 1.38. The company has a 50-day moving average of $53.63 and a 200-day moving average of $51.27.
In related news, VP Barry Slifstein sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $54.27, for a total value of $54,270.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Matthew T. Ratajczak sold 4,152 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $54.04, for a total value of $224,374.08. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its position in RPM International by 2.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 31,500 shares of the company’s stock worth $1,573,000 after buying an additional 700 shares in the last quarter. Paloma Partners Management Co purchased a new position in RPM International during the second quarter worth approximately $1,784,000. Panagora Asset Management Inc. increased its position in shares of RPM International by 2,225.6% in the second quarter. Panagora Asset Management Inc. now owns 119,396 shares of the company’s stock valued at $5,964,000 after buying an additional 114,262 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of RPM International by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 166,332 shares of the company’s stock valued at $8,308,000 after buying an additional 5,450 shares during the period. Finally, Janus Capital Management LLC increased its position in shares of RPM International by 1.8% in the second quarter. Janus Capital Management LLC now owns 274,500 shares of the company’s stock valued at $13,711,000 after buying an additional 4,800 shares during the period. Hedge funds and other institutional investors own 72.08% of the company’s stock.
RPM has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of RPM International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 8th. Morgan Stanley reissued a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. Wellington Shields lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. JPMorgan Chase & Co. reissued a “hold” rating on shares of RPM International in a research report on Monday, July 18th. Finally, Seaport Global Securities lowered shares of RPM International from an “accumulate” rating to a “neutral” rating and increased their price target for the stock from $55.00 to $57.00 in a research report on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. RPM International has an average rating of “Hold” and a consensus price target of $53.25.
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. The Company operates through two segments, which include industrial segment and consumer segment.
Receive News & Ratings for RPM International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.