Zacks: Analysts Expect RPM International Inc. (RPM) Will Post Earnings of $0.66 Per Share

Analysts forecast that RPM International Inc. (NYSE:RPM) will report earnings per share (EPS) of $0.66 for the current quarter, Zacks reports. Three analysts have issued estimates for RPM International’s earnings, with estimates ranging from $0.64 to $0.70. RPM International reported earnings per share of $0.70 in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.7%. The company is scheduled to issue its next earnings results on Thursday, January 3rd.

On average, analysts expect that RPM International will report full year earnings of $2.95 per share for the current year, with EPS estimates ranging from $2.81 to $3.02. For the next financial year, analysts forecast that the company will report earnings of $3.62 per share, with EPS estimates ranging from $3.03 to $4.71. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover RPM International.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 3rd. The specialty chemicals company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.10). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. RPM International had a net margin of 6.35% and a return on equity of 23.82%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS.

A number of analysts have issued reports on the company. Morgan Stanley reissued a “buy” rating on shares of RPM International in a research report on Monday, October 8th. Zacks Investment Research raised RPM International from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. BMO Capital Markets cut their target price on RPM International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, October 8th. Royal Bank of Canada reissued a “hold” rating and issued a $60.00 target price on shares of RPM International in a research report on Thursday, October 4th. Finally, Seaport Global Securities reissued a “hold” rating and issued a $66.00 target price on shares of RPM International in a research report on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.00.

NYSE RPM traded up $0.05 on Friday, reaching $59.06. The stock had a trading volume of 1,778,729 shares, compared to its average volume of 1,203,215. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.34 and a beta of 1.43. The company has a quick ratio of 1.63, a current ratio of 2.45 and a debt-to-equity ratio of 1.33. RPM International has a 12-month low of $46.36 and a 12-month high of $68.13.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 16th will be paid a $0.35 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, October 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.37%. RPM International’s payout ratio is 43.84%.

In other RPM International news, Director Kirkland B. Andrews purchased 2,000 shares of the company’s stock in a transaction on Friday, October 5th. The stock was acquired at an average price of $60.21 per share, for a total transaction of $120,420.00. Following the completion of the purchase, the director now directly owns 3,800 shares in the company, valued at approximately $228,798. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director John M. Ballbach purchased 8,100 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was acquired at an average price of $62.12 per share, with a total value of $503,172.00. Following the purchase, the director now owns 8,100 shares of the company’s stock, valued at $503,172. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 15,100 shares of company stock valued at $943,892. Insiders own 1.80% of the company’s stock.

Several large investors have recently bought and sold shares of the business. California Public Employees Retirement System grew its stake in shares of RPM International by 7.7% during the first quarter. California Public Employees Retirement System now owns 316,526 shares of the specialty chemicals company’s stock worth $15,089,000 after purchasing an additional 22,662 shares in the last quarter. BB&T Securities LLC grew its stake in shares of RPM International by 23.5% during the first quarter. BB&T Securities LLC now owns 246,395 shares of the specialty chemicals company’s stock worth $11,746,000 after purchasing an additional 46,840 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of RPM International by 7.8% during the first quarter. Baird Financial Group Inc. now owns 99,202 shares of the specialty chemicals company’s stock worth $4,729,000 after purchasing an additional 7,213 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of RPM International during the first quarter worth $53,005,000. Finally, Xact Kapitalforvaltning AB grew its stake in shares of RPM International by 70.4% during the first quarter. Xact Kapitalforvaltning AB now owns 17,432 shares of the specialty chemicals company’s stock worth $831,000 after purchasing an additional 7,200 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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