RPM International (RPM) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

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.

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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%.

In other RPM International news, Chairman Frank C. Sullivan sold 35,000 shares of the business’s stock in a transaction dated 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 approximately $62,253,053.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Edward W. Moore sold 2,578 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were 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 insiders.

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.

Earnings History for RPM International (NYSE:RPM)

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