$0.60 EPS Expected for RPM International Inc. (RPM) This Quarter

Brokerages forecast that RPM International Inc. (NYSE:RPM) will announce $0.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for RPM International’s earnings, with estimates ranging from $0.57 to $0.63. RPM International reported earnings of $0.52 per share in the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The firm is scheduled to announce its next earnings report on Thursday, January 4th.

On average, analysts expect that RPM International will report full year earnings of $2.86 per share for the current financial year, with EPS estimates ranging from $2.80 to $2.90. For the next year, analysts expect that the business will report earnings of $3.14 per share, with EPS estimates ranging from $2.99 to $3.24. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for RPM International.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate 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 was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share.

A number of equities analysts have recently weighed in on RPM shares. BidaskClub raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Bank of America Corporation lowered their price target on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Wellington Shields raised shares of RPM International from a “hold” rating to an “accumulate” rating in a research note on Friday, August 18th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $56.00 price target on shares of RPM International in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.00.

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RPM International (NYSE:RPM) traded up 2.03% during trading on Tuesday, reaching $53.78. 1,082,788 shares of the company’s stock traded hands. RPM International has a one year low of $46.25 and a one year high of $56.48. The firm’s 50 day moving average price is $51.14 and its 200-day moving average price is $52.25. The stock has a market cap of $7.18 billion, a P/E ratio of 38.66 and a beta of 1.55.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.43%. This is a boost from RPM International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, October 13th. RPM International’s dividend payout ratio is presently 94.82%.

In related news, insider Ronald A. Rice sold 44,839 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total value of $2,324,005.37. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in RPM International by 0.4% in the 2nd quarter. State Street Corp now owns 6,557,057 shares of the specialty chemicals company’s stock valued at $357,688,000 after acquiring an additional 23,088 shares during the last quarter. Bank of New York Mellon Corp grew its stake in RPM International by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,632,118 shares of the specialty chemicals company’s stock valued at $89,031,000 after acquiring an additional 11,882 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in RPM International by 9.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,007,328 shares of the specialty chemicals company’s stock valued at $54,950,000 after acquiring an additional 87,679 shares during the last quarter. GW&K Investment Management LLC grew its stake in RPM International by 17.6% in 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 acquiring an additional 133,104 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in RPM International by 13.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 730,100 shares of the specialty chemicals company’s stock valued at $39,827,000 after acquiring an additional 86,400 shares during the last quarter. 73.49% 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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Earnings History and Estimates for RPM International (NYSE:RPM)

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