RPM International (NYSE:RPM) announced its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.11, RTT News reports. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.26 billion. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. RPM International updated its FY18 guidance to $3.00-3.10 EPS.
Shares of RPM International (NYSE:RPM) traded down $0.64 during mid-day trading on Thursday, hitting $52.90. 1,005,400 shares of the stock traded hands, compared to its average volume of 1,583,943. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 2.23. RPM International has a 12 month low of $47.87 and a 12 month high of $56.69. The stock has a market cap of $7,060.00, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.34 and a beta of 1.53.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, January 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.42%. RPM International’s payout ratio is currently 50.59%.
RPM has been the subject of several analyst reports. Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $51.00 price objective on shares of RPM International in a research note on Wednesday, November 15th. Finally, TheStreet upgraded shares of RPM International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. RPM International presently has a consensus rating of “Hold” and a consensus target price of $57.86.
In related news, SVP Edward W. Moore sold 2,578 shares of RPM International stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total value of $138,670.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $2,324,005.37. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
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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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