Analysts predict that RPM International Inc. (NYSE:RPM) will announce earnings per share of $0.84 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for RPM International’s earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.82. RPM International reported earnings per share of $0.83 in the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The company is scheduled to issue its next quarterly earnings results on Wednesday, October 4th.
According to Zacks, analysts expect that RPM International will report full year earnings of $2.87 per share for the current financial year, with EPS estimates ranging from $2.83 to $2.95. For the next fiscal year, analysts forecast that the business will report earnings of $3.17 per share, with EPS estimates ranging from $2.99 to $3.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for RPM International.
RPM International (NYSE:RPM) last posted its quarterly earnings data on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.17 by $0.15. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm earned $1.13 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis.
RPM has been the subject of several research analyst reports. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Tuesday, May 2nd. BidaskClub raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating and set a $49.00 price target on shares of RPM International in a report on Tuesday, June 13th. Finally, Bank of America Corporation cut their price target on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $58.00.
RPM International (NYSE RPM) traded down 2.17% during mid-day trading on Thursday, hitting $48.62. 1,035,260 shares of the company were exchanged. The company has a market capitalization of $6.50 billion, a P/E ratio of 35.62 and a beta of 1.54. The company’s 50-day moving average is $53.62 and its 200 day moving average is $53.47. RPM International has a 12-month low of $46.25 and a 12-month high of $56.48.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were paid a $0.30 dividend. The ex-dividend date was Thursday, July 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.47%. RPM International’s dividend payout ratio (DPR) is 90.91%.
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In other news, SVP Edward W. Moore sold 10,568 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the sale, the senior vice president now owns 92,549 shares of the company’s stock, valued at approximately $4,816,249.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. 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 worth $6,245,000 after buying an additional 6,510 shares during the period. Raymond James Trust N.A. boosted its stake in shares of RPM International by 8.4% in the first quarter. Raymond James Trust N.A. now owns 10,189 shares of the specialty chemicals company’s stock worth $561,000 after buying an additional 787 shares during the period. Winslow Asset Management Inc. acquired a new stake in shares of RPM International during the first quarter worth about $425,000. Capstone Asset Management Co. boosted its stake in shares of RPM International by 388.0% in the first quarter. Capstone Asset Management Co. now owns 75,038 shares of the specialty chemicals company’s stock worth $4,129,000 after buying an additional 59,660 shares during the period. Finally, Anderson Hoagland & Co. boosted its stake in shares of RPM International by 1.2% in the first quarter. Anderson Hoagland & Co. now owns 35,449 shares of the specialty chemicals company’s stock worth $1,951,000 after buying an additional 434 shares during the period. 72.65% of the stock is owned by institutional investors.
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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