RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Thursday, July 5th, RTT News reports. Stockholders of record on Tuesday, July 17th will be paid a dividend of 0.32 per share by the specialty chemicals company on Tuesday, July 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.17%.
RPM International has increased its dividend by an average of 7.6% per year over the last three years and has raised its dividend annually for the last 43 consecutive years. RPM International has a payout ratio of 42.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RPM International to earn $3.32 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 38.6%.
RPM stock traded down $0.28 during midday trading on Thursday, reaching $58.91. 5,742 shares of the company’s stock traded hands, compared to its average volume of 1,754,851. 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 $60.53. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.91 and a beta of 1.43.
RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, April 5th. The specialty chemicals company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.11. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. RPM International had a net margin of 7.23% and a return on equity of 24.28%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. equities research analysts anticipate that RPM International will post 2.95 EPS for the current year.
Several research firms have issued reports on RPM. ValuEngine lowered shares of RPM International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. BMO Capital Markets assumed coverage on shares of RPM International in a report on Tuesday, March 27th. They set an “outperform” rating and a $60.00 target price for the company. Robert W. Baird reiterated a “hold” rating and set a $53.00 target price on shares of RPM International in a report on Friday, April 6th. Zacks Investment Research lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Finally, JPMorgan Chase & Co. lowered shares of RPM International from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $52.00 to $47.00 in a report on Friday, March 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. RPM International currently has an average rating of “Hold” and an average target price of $54.29.
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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