Brokers expect RPM International Inc. (NYSE:RPM – Get Rating) to report sales of $1.97 billion for the current quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for RPM International. The highest sales estimate is $1.98 billion and the lowest is $1.96 billion. RPM International recorded sales of $1.74 billion in the same quarter last year, which would indicate a positive growth rate of 13.2% year over year. The company is expected to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect RPM International to report revenue of $6.70 billion for the current fiscal year, with estimates ranging from $6.69 billion to $6.70 billion. For the next fiscal year, analysts expect the company to record sales of $7.25 billion, with estimates ranging from $7.21 billion to $7.27 billion. Zacks sales averages are an average average based on a survey of sell-side research analysts who provide coverage for RPM International.
RPM International (NYSE:RPM – Get Rating) last released its quarterly results on Wednesday, April 6. The specialty chemicals company reported earnings per share (EPS) of $0.38 for the quarter, beating consensus analyst estimates of $0.30 by $0.08. The company posted revenue of $1.43 billion in the quarter, versus $1.41 billion expected by analysts. RPM International had a net margin of 6.94% and a return on equity of 25.48%. RPM International revenue increased 13.0% year-over-year. During the same period last year, the company posted EPS of $0.38.
A number of research companies have recently published reports on RPM. Wells Fargo & Company cut its price target on RPM International shares from $100.00 to $95.00 and set an “equal weight” rating on the stock in a Thursday, April 7 research note. TheStreet upgraded the shares of RPM International from a “b” rating to a “c+” rating in a report on Wednesday, April 6. Zacks Investment Research downgraded shares of RPM International from a “hold” rating to a “sell” rating and set a price target of $85.00 for the company. in a research report on Monday, March 28. BMO Capital Markets lowered its price target on RPM International shares from $115.00 to $111.00 and set an “outperform” rating for the company in a Tuesday, April 12 research report. Finally, StockNews.com upgraded RPM International’s shares from a “hold” rating to a “buy” rating in a Thursday, May 19 research note. Two analysts have assigned the stock a sell rating, four have issued a hold rating and three have assigned the company a buy rating. According to data from MarketBeat, RPM International currently has a consensus rating of “Hold” and an average price target of $98.00.
Separately, CAO Michael J. Laroche sold 1,476 shares of RPM International in a trade on Monday, May 2. The stock was sold at an average price of $83.55, for a total value of $123,319.80. As a result of the transaction, the chief accounting officer now directly owns 6,525 shares of the company, valued at approximately $545,163.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. 1.60% of the shares are held by insiders.
A number of hedge funds and other institutional investors have recently changed their holdings in the company. Aurora Investment Counsel raised its position in RPM International shares by 1.7% in the first quarter. Aurora Investment Counsel now owns 14,703 shares of the specialty chemicals company worth $1,197,000 after buying 245 additional shares in the last quarter. Neuberger Berman Group LLC increased its position in RPM International shares by 18.3% in the first quarter. Neuberger Berman Group LLC now owns 23,423 shares of the specialty chemicals company worth $1,908,000 after buying 3,625 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its position in RPM International shares by 26.8% in the first quarter. BNP Paribas Arbitrage SA now owns 39,313 shares of the specialty chemicals company worth $3,202,000 after buying 8,319 additional shares in the last quarter. Ancora Advisors LLC increased its position in RPM International shares by 11.5% in the first quarter. Ancora Advisors LLC now owns 1,450 shares of the specialty chemicals company worth $133,000 after buying an additional 150 shares in the last quarter. Finally, Cowa LLC increased its position in RPM International shares by 9,901.1% during the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company worth $263,000 after purchasing an additional 319,411 shares in the last quarter. Hedge funds and other institutional investors own 79.96% of the company’s shares.
NYSE RPM shares opened at $88.83 on Friday. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 25.75, a growth price-to-earnings ratio of 4.64 and a beta of 0.90. RPM International has a 12-month low of $75.11 and a 12-month high of $101.48. The company has a 50-day moving average of $85.31 and a 200-day moving average of $88.23. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt ratio of 1.03.
The company also recently announced a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Thursday, April 14 received a dividend of $0.40 per share. This represents an annualized dividend of $1.60 and a yield of 1.80%. The ex-dividend date was Wednesday, April 13. RPM International’s payout ratio is currently 46.38%.
About RPM International (Get a rating)
RPM International Inc manufactures, markets and sells specialty chemicals for industrial, specialty and consumer markets worldwide. It offers waterproofing, coating and institutional roofing systems; air barriers, tapes and foams; residential weatherization systems; maintenance of roofs and buildings and related services; solutions for sealing and bonding, preparing sub-floors, flooring and factory glazing; solutions for the fireproof and intumescent coating of steel, and the manufacturing industry; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, hardeners and floor coatings, sealants, industrial and architectural coatings, colours/stains/decorative stamps and restorative materials; and insulated building cladding materials and concrete form wall systems.
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