RPM International Inc. (NYSE:RPM) – Analysts at G.Research issued their FY2024 earnings per share (EPS) estimates for shares of RPM International in a note issued to investors on Monday, October 7th. G.Research analyst R. Morbelli expects that the specialty chemicals company will post earnings of $5.80 per share for the year.
RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. RPM International had a net margin of 5.43% and a return on equity of 25.98%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $0.76 earnings per share.
RPM stock opened at $66.89 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.61 and a debt-to-equity ratio of 1.66. The business’s fifty day simple moving average is $67.77 and its two-hundred day simple moving average is $62.64. RPM International has a twelve month low of $51.95 and a twelve month high of $70.49. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.31 and a beta of 1.25.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, October 11th. This is a positive change from RPM International’s previous quarterly dividend of $0.35. RPM International’s dividend payout ratio is 51.66%.
In other RPM International news, SVP Edward W. Moore sold 6,127 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $68.47, for a total value of $419,515.69. Following the completion of the transaction, the senior vice president now owns 57,998 shares in the company, valued at $3,971,123.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederick R. Nance sold 1,100 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $66.54, for a total value of $73,194.00. Following the completion of the transaction, the director now owns 16,581 shares of the company’s stock, valued at approximately $1,103,299.74. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Winfield Associates Inc. purchased a new position in RPM International in the second quarter worth about $196,000. Carroll Financial Associates Inc. increased its stake in RPM International by 4,900.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,350 shares of the specialty chemicals company’s stock worth $82,000 after acquiring an additional 1,323 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of RPM International by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 53,336 shares of the specialty chemicals company’s stock valued at $3,259,000 after purchasing an additional 389 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of RPM International by 49.2% during the 2nd quarter. Oakbrook Investments LLC now owns 14,850 shares of the specialty chemicals company’s stock valued at $907,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of RPM International during the 2nd quarter valued at approximately $56,000. Institutional investors own 77.49% of the company’s stock.
RPM International Company Profile
RPM International Inc manufactures and sells specialty chemicals for the 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, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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