Wall Street brokerages expect RPM International Inc. (NYSE:RPM) to announce sales of $1.25 billion for the current quarter, according to Zacks. Three analysts have made estimates for RPM International’s earnings. The highest sales estimate is $1.26 billion and the lowest is $1.25 billion. RPM International posted sales of $1.19 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The firm is expected to issue its next earnings report on Thursday, January 4th.
According to Zacks, analysts expect that RPM International will report full year sales of $1.25 billion for the current financial year, with estimates ranging from $5.19 billion to $5.25 billion. For the next year, analysts expect that the business will report sales of $5.40 billion per share, with estimates ranging from $5.34 billion to $5.46 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover RPM International.
RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS.
RPM has been the topic of several research analyst reports. Robert W. Baird restated a “hold” rating and issued a $56.00 price target on shares of RPM International in a research report on Friday, September 1st. Zacks Investment Research lowered shares of RPM International from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. TheStreet lowered shares of RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, October 4th. BidaskClub lowered shares of RPM International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Bank of America Corporation reduced their price objective on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $57.00.
Shares of RPM International (NYSE:RPM) traded up 0.71% during midday trading on Thursday, hitting $52.69. 183,778 shares of the stock were exchanged. The stock’s 50 day moving average is $51.14 and its 200 day moving average is $52.25. RPM International has a 12-month low of $46.25 and a 12-month high of $56.48. The firm has a market cap of $7.04 billion, a P/E ratio of 37.88 and a beta of 1.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.45%. This is an increase from RPM International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, October 13th. RPM International’s dividend payout ratio (DPR) is presently 94.82%.
In related news, insider Ronald A. Rice sold 44,839 shares of RPM International stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total transaction of $2,324,005.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Edward W. Moore sold 10,568 shares of RPM International stock in a transaction dated Friday, July 28th. The shares were 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 of the company’s stock, valued at $4,816,249.96. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in RPM. UBS Asset Management Americas Inc. lifted its holdings in RPM International by 20.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 91,081 shares of the specialty chemicals company’s stock valued at $5,012,000 after purchasing an additional 15,740 shares during the last quarter. Teachers Advisors LLC lifted its holdings in RPM International by 18.5% during the 1st quarter. Teachers Advisors LLC now owns 137,519 shares of the specialty chemicals company’s stock valued at $7,568,000 after purchasing an additional 21,513 shares during the last quarter. Paloma Partners Management Co lifted its holdings in RPM International by 4.8% during the 1st quarter. Paloma Partners Management Co now owns 13,166 shares of the specialty chemicals company’s stock valued at $725,000 after purchasing an additional 598 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in RPM International by 2.2% during the 2nd quarter. Capstone Asset Management Co. now owns 76,679 shares of the specialty chemicals company’s stock valued at $4,183,000 after purchasing an additional 1,641 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in RPM International by 17.6% during the 2nd quarter. GW&K Investment Management LLC now owns 887,994 shares of the specialty chemicals company’s stock valued at $48,440,000 after purchasing an additional 133,104 shares during the last quarter. 73.49% of the stock is owned by hedge funds and other institutional investors.
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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