Zacks: Analysts Expect RPM International Inc. (RPM) to Post $1.27 Earnings Per Share

Analysts expect RPM International Inc. (NYSE:RPM) to post earnings of $1.27 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for RPM International’s earnings. The highest EPS estimate is $1.29 and the lowest is $1.26. RPM International posted earnings of $1.02 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 24.5%. The firm is expected to announce its next quarterly earnings report on Monday, July 23rd.

On average, analysts expect that RPM International will report full-year earnings of $3.02 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.05. For the next fiscal year, analysts forecast that the business will post earnings of $3.33 per share, with EPS estimates ranging from $3.22 to $3.50. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for RPM International.

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RPM International (NYSE:RPM) last released its earnings results on Thursday, April 5th. The specialty chemicals company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.11. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. RPM International had a net margin of 7.23% and a return on equity of 24.28%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS.

A number of research analysts have issued reports on the stock. Robert W. Baird restated a “hold” rating and issued a $53.00 target price on shares of RPM International in a report on Friday. Seaport Global Securities restated a “buy” rating and issued a $58.00 target price on shares of RPM International in a report on Friday. Gabelli restated a “buy” rating on shares of RPM International in a report on Wednesday, March 28th. BMO Capital Markets assumed coverage on shares of RPM International in a report on Tuesday, March 27th. They issued an “outperform” rating and a $60.00 target price on the stock. Finally, JPMorgan Chase lowered shares of RPM International from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $52.00 to $47.00 in a report on Friday, March 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.14.

In other news, SVP Edward W. Moore sold 2,578 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total transaction of $138,670.62. Following the transaction, the senior vice president now directly owns 98,417 shares in the company, valued at approximately $5,293,850.43. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Frank C. Sullivan sold 35,000 shares of the 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 transaction, the chairman now owns 1,188,489 shares in the company, valued at $62,253,053.82. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of RPM International by 8.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 36,731 shares of the specialty chemicals company’s stock worth $1,886,000 after acquiring an additional 2,899 shares during the period. Amalgamated Bank raised its holdings in RPM International by 5.6% in the fourth quarter. Amalgamated Bank now owns 27,530 shares of the specialty chemicals company’s stock valued at $1,443,000 after buying an additional 1,463 shares during the period. California Public Employees Retirement System raised its holdings in RPM International by 6.5% in the third quarter. California Public Employees Retirement System now owns 280,842 shares of the specialty chemicals company’s stock valued at $14,418,000 after buying an additional 17,242 shares during the period. First Manhattan Co. raised its holdings in RPM International by 4.9% in the fourth quarter. First Manhattan Co. now owns 100,817 shares of the specialty chemicals company’s stock valued at $5,284,000 after buying an additional 4,665 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in RPM International in the fourth quarter valued at approximately $657,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

NYSE:RPM traded down $1.62 on Friday, reaching $47.10. The stock had a trading volume of 1,494,757 shares, compared to its average volume of 1,178,835. The firm has a market cap of $6,512.21, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company has a current ratio of 2.56, a quick ratio of 1.42 and a debt-to-equity ratio of 1.33. RPM International has a 12-month low of $46.36 and a 12-month high of $56.69.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 17th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, April 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.72%. RPM International’s payout ratio is currently 51.82%.

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

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