Brokers Issue Forecasts for RPM International Inc.’s Q2 2018 Earnings (RPM)

RPM International Inc. (NYSE:RPM) – Equities researchers at Seaport Global Securities cut their Q2 2018 earnings per share estimates for RPM International in a report issued on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the specialty chemicals company will post earnings of $0.65 per share for the quarter, down from their prior estimate of $0.67. Seaport Global Securities currently has a “Buy” rating and a $60.00 target price on the stock. Seaport Global Securities also issued estimates for RPM International’s Q4 2018 earnings at $1.23 EPS.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, April 6th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.02. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. RPM International had a return on equity of 26.36% and a net margin of 4.22%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS.

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

Several other equities analysts have also recently weighed in on RPM. Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Wednesday, June 7th. TheStreet upgraded shares of RPM International from a “c+” rating to a “b-” rating in a research report on Thursday, March 16th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $49.00 price objective on shares of RPM International in a research report on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $58.40.

Shares of RPM International (NYSE:RPM) opened at 56.01 on Tuesday. The company has a 50-day moving average of $53.87 and a 200 day moving average of $53.39. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 35.86 and a beta of 1.53. RPM International has a one year low of $46.25 and a one year high of $56.48.

Several hedge funds have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of RPM International by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 116,006 shares of the specialty chemicals company’s stock valued at $6,245,000 after buying an additional 6,510 shares in the last quarter. Hendley & Co. Inc. boosted its stake in shares of RPM International by 0.6% in the fourth quarter. Hendley & Co. Inc. now owns 79,093 shares of the specialty chemicals company’s stock valued at $4,258,000 after buying an additional 510 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of RPM International during the fourth quarter valued at $517,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of RPM International during the fourth quarter valued at $252,000. Finally, Norges Bank acquired a new stake in shares of RPM International during the fourth quarter valued at $60,036,000. 72.94% of the stock is currently owned by institutional investors.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RPM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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