Equities research analysts expect RPM International Inc. (NYSE:RPM) to post $1.25 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for RPM International’s earnings, with the lowest sales estimate coming in at $1.25 billion and the highest estimate coming in at $1.26 billion. RPM International reported sales of $1.19 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The business is expected to announce its next earnings report on Thursday, January 4th.
On average, analysts expect that RPM International will report full-year sales of $1.25 billion for the current fiscal year, with estimates ranging from $5.19 billion to $5.25 billion. For the next year, analysts anticipate that the business will post sales of $5.40 billion per share, with estimates ranging from $5.34 billion to $5.46 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for RPM International.
RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. RPM International had a return on equity of 30.71% and a net margin of 8.69%. RPM International’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS.
Several brokerages recently issued reports on RPM. Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. TheStreet downgraded shares of RPM International from a “b” rating to a “c+” rating in a research note on Wednesday, October 4th. Robert W. Baird reiterated a “hold” rating and issued a $56.00 target price on shares of RPM International in a research note on Friday, September 1st. Wellington Shields upgraded shares of RPM International from a “hold” rating to an “accumulate” rating in a research note on Friday, August 18th. Finally, BidaskClub downgraded shares of RPM International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.00.
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RPM International (RPM) opened at $51.46 on Wednesday. RPM International has a 1-year low of $47.87 and a 1-year high of $56.48. The firm has a market capitalization of $6,858.40, a PE ratio of 20.22, a PEG ratio of 2.28 and a beta of 1.54. The company has a quick ratio of 1.38, a current ratio of 2.16 and a debt-to-equity ratio of 1.20.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.49%. This is an increase from RPM International’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, October 13th. RPM International’s payout ratio is presently 94.82%.
In other news, insider Ronald A. Rice sold 44,839 shares of RPM International stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total value of $2,324,005.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of RPM. Teachers Advisors LLC grew its stake in shares of RPM International by 18.5% during the first quarter. Teachers Advisors LLC now owns 137,519 shares of the specialty chemicals company’s stock worth $7,568,000 after buying an additional 21,513 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of RPM International by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 48,667 shares of the specialty chemicals company’s stock worth $2,655,000 after buying an additional 2,071 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of RPM International by 16.4% during the second quarter. LS Investment Advisors LLC now owns 12,843 shares of the specialty chemicals company’s stock worth $701,000 after buying an additional 1,805 shares during the last quarter. Roffman Miller Associates Inc. PA grew its stake in shares of RPM International by 2.7% during the second quarter. Roffman Miller Associates Inc. PA now owns 406,733 shares of the specialty chemicals company’s stock worth $22,187,000 after buying an additional 10,829 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of RPM International by 3.5% during the second quarter. Aperio Group LLC now owns 26,046 shares of the specialty chemicals company’s stock worth $1,421,000 after buying an additional 881 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.
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).
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