Analysts expect RPM International Inc (NYSE:RPM) to announce sales of $1.59 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for RPM International’s earnings. The lowest sales estimate is $1.59 billion and the highest is $1.60 billion. RPM International reported sales of $1.49 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The firm is scheduled 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 fiscal year, with estimates ranging from $5.33 billion to $5.36 billion. For the next financial year, analysts forecast that the business will post sales of $5.57 billion per share, with estimates ranging from $5.51 billion to $5.63 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover RPM International.
RPM International (NYSE:RPM) last released its earnings results on Thursday, April 5th. The specialty chemicals company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.11. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. RPM International had a return on equity of 24.28% and a net margin of 7.23%. RPM International’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share.
Several research firms have recently issued reports on RPM. ValuEngine lowered RPM International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $53.00 target price on shares of RPM International in a report on Friday, April 6th. Gabelli reaffirmed a “buy” rating on shares of RPM International in a report on Wednesday, March 28th. BMO Capital Markets began coverage on RPM International in a report on Tuesday, March 27th. They issued an “outperform” rating and a $60.00 target price for the company. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $58.00 target price on shares of RPM International in a report on Friday, April 6th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. RPM International has an average rating of “Hold” and a consensus target price of $55.14.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Elefante Mark B bought a new position in RPM International during the fourth quarter valued at $213,000. Opus Capital Group LLC bought a new position in RPM International during the fourth quarter valued at $219,000. Logan Capital Management Inc. bought a new position in RPM International during the fourth quarter valued at $230,000. Jump Trading LLC bought a new position in RPM International during the fourth quarter valued at $299,000. Finally, Flinton Capital Management LLC grew its holdings 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 valued at $510,000 after purchasing an additional 1,888 shares during the period. 76.45% of the stock is owned by institutional investors and hedge funds.
Shares of RPM International traded down $0.44, hitting $49.47, during trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 681,788 shares, compared to its average volume of 880,290. The firm has a market cap of $6.63 billion, a PE ratio of 20.03, a P/E/G ratio of 1.79 and a beta of 1.45. The company has a quick ratio of 1.55, a current ratio of 2.56 and a debt-to-equity ratio of 1.33. RPM International has a 52 week low of $49.29 and a 52 week high of $50.25.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Tuesday, April 17th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.59%. The ex-dividend date was Monday, April 16th. RPM International’s dividend payout ratio (DPR) is 51.82%.
About RPM International
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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