Seaport Global Securities Comments on RPM International Inc.’s Q2 2018 Earnings (RPM)

RPM International Inc. (NYSE:RPM) – Investment analysts at Seaport Global Securities lowered their Q2 2018 earnings per share estimates for shares of RPM International in a research report issued on Monday. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will earn $0.60 per share for the quarter, down from their previous estimate of $0.64. Seaport Global Securities also issued estimates for RPM International’s FY2018 earnings at $2.87 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $0.71 EPS and FY2019 earnings at $3.24 EPS.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. RPM International had a return on equity of 24.73% and a net margin of 3.67%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.

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Several other analysts have also issued reports on the company. Bank of America Corporation cut their price objective on RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. BidaskClub lowered RPM International from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Wellington Shields upgraded RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th. Finally, Robert W. Baird reiterated a “hold” rating and set a $56.00 price objective on shares of RPM International in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $57.00.

RPM International (NYSE:RPM) traded up 0.39% during midday trading on Wednesday, reaching $51.71. The company’s stock had a trading volume of 354,780 shares. RPM International has a 12 month low of $46.25 and a 12 month high of $56.48. The stock’s 50-day moving average price is $50.31 and its 200-day moving average price is $52.40. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 37.88 and a beta of 1.55.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC raised its holdings in RPM International by 2.7% during the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock valued at $119,000 after buying an additional 57 shares in the last quarter. Albion Financial Group UT raised its holdings in RPM International by 1.1% during the second quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock valued at $468,000 after buying an additional 95 shares in the last quarter. Buffington Mohr McNeal raised its holdings in RPM International by 0.5% during the second quarter. Buffington Mohr McNeal now owns 19,570 shares of the specialty chemicals company’s stock valued at $1,068,000 after buying an additional 100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in RPM International by 0.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,995 shares of the specialty chemicals company’s stock valued at $1,854,000 after buying an additional 200 shares in the last quarter. Finally, Fieldpoint Private Securities LLC raised its holdings in RPM International by 1.5% during the second quarter. Fieldpoint Private Securities LLC now owns 13,805 shares of the specialty chemicals company’s stock valued at $753,000 after buying an additional 200 shares in the last quarter. Institutional investors own 73.49% of the company’s stock.

In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the firm’s 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 $4,816,249.96. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be issued a dividend of $0.32 per share. This is a positive change from RPM International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, October 13th. RPM International’s dividend payout ratio (DPR) is 88.89%.

About RPM International

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).

Earnings History and Estimates for RPM International (NYSE:RPM)

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