Wall Street analysts expect RPM International Inc. (NYSE:RPM) to post earnings per share of $0.84 for the current quarter, according to Zacks. Two analysts have issued estimates for RPM International’s earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.83. RPM International posted earnings of $0.83 per share in the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The firm is expected to announce its next earnings report on Wednesday, October 4th.
According to Zacks, analysts expect that RPM International will report full-year earnings of $2.93 per share for the current financial year, with EPS estimates ranging from $2.85 to $3.10. For the next financial year, analysts expect that the company will post earnings of $3.14 per share, with EPS estimates ranging from $2.99 to $3.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow RPM International.
RPM International (NYSE:RPM) last posted its quarterly earnings data on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by $0.15. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 earnings per share.
Several equities analysts have recently issued reports on RPM shares. Zacks Investment Research cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Seaport Global Securities raised shares of RPM International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $60.00 in a research note on Tuesday, May 16th. BidaskClub cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Bank of America Corporation lowered their price objective on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $49.00 price objective on shares of RPM International in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $58.00.
Shares of RPM International (NYSE:RPM) traded up 0.21% on Friday, hitting $52.63. 1,477,363 shares of the stock were exchanged. The firm’s 50 day moving average price is $55.16 and its 200 day moving average price is $53.56. RPM International has a one year low of $46.25 and a one year high of $56.48. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 33.69 and a beta of 1.55.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, July 13th. RPM International’s payout ratio is 90.91%.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of RPM International during the first quarter valued at approximately $116,000. Trust Co. of Vermont boosted its position in shares of RPM International by 116.9% in the second quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 1,520 shares during the last quarter. Timber Hill LLC purchased a new position in shares of RPM International during the first quarter valued at approximately $234,000. DF Dent & Co. Inc. boosted its position in shares of RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 285 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of RPM International by 4.1% in the first quarter. Flinton Capital Management LLC now owns 4,512 shares of the specialty chemicals company’s stock valued at $248,000 after buying an additional 176 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.
RPM International Company Profile
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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