RPM International (NYSE:RPM) released its quarterly earnings results on Tuesday. The specialty chemicals company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.06, MarketWatch Earnings reports. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.45 billion. RPM International had a return on equity of 33.83% and a net margin of 6.72%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS.
Shares of RPM International stock traded up $1.10 on Thursday, reaching $88.40. The stock had a trading volume of 11,495 shares, compared to its average volume of 848,312. The stock has a market cap of $11.49 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.53 and a current ratio of 2.25. The business’s 50-day moving average price is $88.58 and its two-hundred day moving average price is $84.36. RPM International has a fifty-two week low of $42.85 and a fifty-two week high of $98.35.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Friday, January 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, January 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.72%. RPM International’s payout ratio is currently 49.51%.
In related news, CEO Frank C. Sullivan sold 68,614 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $87.89, for a total value of $6,030,484.46. Following the completion of the transaction, the chief executive officer now directly owns 1,161,892 shares of the company’s stock, valued at $102,118,687.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.
Several equities research analysts recently issued reports on RPM shares. Zacks Investment Research raised RPM International from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Friday, October 9th. Royal Bank of Canada boosted their target price on shares of RPM International from $93.00 to $102.00 in a research note on Thursday, October 8th. BMO Capital Markets increased their price objective on shares of RPM International from $109.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley downgraded shares of RPM International from an “overweight” rating to an “equal weight” rating in a report on Monday, December 14th. Finally, Evercore ISI initiated coverage on shares of RPM International in a research note on Tuesday, September 22nd. They set an “inline” rating and a $90.00 target price for the company. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $92.00.
About RPM International
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It 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, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers and sealants, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; and insulated building cladding materials and concrete form wall systems.
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