RPM International Inc. (NYSE:RPM) updated its first quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.83-0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.89. RPM International also updated its FY18 guidance to $2.85-2.95 EPS.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of RPM International from a hold rating to a buy rating and set a $62.00 target price on the stock in a research note on Wednesday, June 7th. BidaskClub upgraded shares of RPM International from a hold rating to a buy rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a hold rating and set a $49.00 price target on shares of RPM International in a research report on Tuesday, June 13th. Finally, Bank of America Corporation cut their target price on shares of RPM International from $58.00 to $56.00 and set a neutral rating on the stock in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $58.00.
Shares of RPM International Inc. (RPM) traded down 0.78% during mid-day trading on Friday, hitting $48.44. The stock had a trading volume of 1,709,363 shares. The firm has a market capitalization of $6.47 billion, a PE ratio of 35.49 and a beta of 1.54. RPM International Inc. has a 1-year low of $46.25 and a 1-year high of $56.48. The stock’s 50-day moving average is $52.66 and its 200-day moving average is $53.30.
RPM International (NYSE:RPM) last announced its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share 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 the consensus estimate of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. RPM International’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 earnings per share. Equities analysts expect that RPM International Inc. will post $2.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, July 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.48%. RPM International’s dividend payout ratio (DPR) is presently 90.91%.
In other news, SVP Edward W. Moore sold 10,568 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $52.04, for a total transaction of $549,958.72. Following the transaction, the senior vice president now directly owns 92,549 shares in the company, valued at approximately $4,816,249.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
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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