RPM International (NYSE:RPM) released its quarterly earnings results on Thursday. The specialty chemicals company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.11, MarketWatch Earnings reports. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. RPM International had a return on equity of 24.28% and a net margin of 7.23%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. RPM International updated its FY18 guidance to $3.05-3.10 EPS.
Shares of RPM stock opened at $47.10 on Friday. RPM International has a 1-year low of $46.36 and a 1-year high of $56.69. The company has a current ratio of 2.56, a quick ratio of 1.42 and a debt-to-equity ratio of 1.33. The firm has a market cap of $6,512.21, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Tuesday, April 17th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, April 16th. This represents a $1.28 annualized dividend and a yield of 2.72%. RPM International’s dividend payout ratio (DPR) is 51.82%.
Several research analysts recently weighed in on RPM shares. Zacks Investment Research downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. Gabelli restated a “buy” rating on shares of RPM International in a research note on Wednesday, March 28th. Seaport Global Securities restated a “buy” rating and set a $58.00 target price on shares of RPM International in a research note on Friday. JPMorgan Chase downgraded RPM International from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $52.00 to $47.00 in a research note on Friday, March 16th. Finally, Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. RPM International presently has an average rating of “Hold” and an average target price of $55.14.
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About RPM International
RPM International Inc manufactures, markets, and sells specialty chemical products for industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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