Wall Street analysts expect that RPM International Inc (NYSE:RPM) will post sales of $1.59 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for RPM International’s earnings, with estimates ranging from $1.59 billion to $1.60 billion. RPM International reported sales of $1.49 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The business is expected to issue its next earnings results on Monday, July 23rd.
According to Zacks, analysts expect that RPM International will report full year sales of $5.35 billion for the current financial year, with estimates ranging from $5.33 billion to $5.36 billion. For the next financial year, analysts expect that the company will report sales of $5.57 billion per share, with estimates ranging from $5.51 billion to $5.63 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for RPM International.
RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, April 5th. The specialty chemicals company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. RPM International had a return on equity of 24.28% and a net margin of 7.23%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS.
A number of analysts recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $53.00 price target on shares of RPM International in a research report on Friday, April 6th. BMO Capital Markets assumed coverage on shares of RPM International in a research report on Tuesday, March 27th. They set an “outperform” rating and a $60.00 price target for the company. Gabelli reaffirmed a “buy” rating on shares of RPM International in a research report on Wednesday, March 28th. Seaport Global Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of RPM International in a research report on Friday, April 6th. Finally, JPMorgan Chase cut shares of RPM International from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $52.00 to $47.00 in a research report on Friday, March 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. RPM International presently has a consensus rating of “Hold” and an average price target of $55.14.
RPM stock opened at $50.30 on Thursday. The firm has a market cap of $6,660.58, a PE ratio of 20.36, a PEG ratio of 1.79 and a beta of 1.45. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.56 and a quick ratio of 1.55. RPM International has a 52 week low of $46.36 and a 52 week high of $56.69.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 17th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, April 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.54%. RPM International’s payout ratio is 51.82%.
Hedge funds have recently modified their holdings of the company. Elefante Mark B bought a new position in shares of RPM International during the fourth quarter worth about $213,000. Opus Capital Group LLC acquired a new stake in RPM International during the fourth quarter worth about $219,000. Logan Capital Management Inc. acquired a new stake in RPM International during the fourth quarter worth about $230,000. Jump Trading LLC acquired a new stake in RPM International during the fourth quarter worth about $299,000. Finally, Flinton Capital Management LLC raised its stake in RPM International by 24.1% during the fourth quarter. Flinton Capital Management LLC now owns 9,728 shares of the specialty chemicals company’s stock worth $510,000 after acquiring an additional 1,888 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.
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RPM International Company Profile
RPM International Inc manufactures, markets, and sells specialty chemical products for 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 solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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