Equities analysts expect that RPM International Inc. (NYSE:RPM) will report $1.09 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for RPM International’s earnings, with estimates ranging from $1.08 billion to $1.09 billion. RPM International posted sales of $1.02 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.9%. 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 sales of $1.09 billion for the current fiscal year, with estimates ranging from $5.30 billion to $5.35 billion. For the next financial year, analysts expect that the firm will report sales of $5.55 billion per share, with estimates ranging from $5.46 billion to $5.60 billion. Zacks’ sales averages are an average based on a survey of analysts that follow RPM International.
RPM International (NYSE:RPM) last announced its earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.26 billion. RPM International had a return on equity of 25.05% and a net margin of 6.80%. RPM International’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS.
In other news, Chairman Frank C. Sullivan sold 35,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the sale, the chairman now owns 1,188,489 shares in the company, valued at $62,253,053.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Edward W. Moore sold 2,578 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $53.79, for a total value of $138,670.62. Following the sale, the senior vice president now owns 98,417 shares in the company, valued at approximately $5,293,850.43. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Elefante Mark B acquired a new stake in shares of RPM International during the fourth quarter worth $213,000. Opus Capital Group LLC acquired a new stake in shares of RPM International during the fourth quarter worth $219,000. Logan Capital Management Inc. acquired a new stake in shares of RPM International during the fourth quarter worth $230,000. Jump Trading LLC acquired a new stake in shares of RPM International during the fourth quarter worth $299,000. Finally, Flinton Capital Management LLC boosted its holdings in shares of RPM International by 24.1% during the fourth quarter. Flinton Capital Management LLC now owns 9,728 shares of the specialty chemicals company’s stock worth $510,000 after purchasing an additional 1,888 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.
Shares of RPM International (RPM) opened at $50.90 on Tuesday. The company has a market capitalization of $6,727.41, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. RPM International has a fifty-two week low of $46.80 and a fifty-two week high of $56.69.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Tuesday, January 16th. RPM International’s dividend payout ratio (DPR) is 49.42%.
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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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