RPM International (NYSE:RPM) released its earnings results on Tuesday. The specialty chemicals company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.06, MarketWatch Earnings reports. RPM International had a net margin of 6.72% and a return on equity of 33.83%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business earned $0.76 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis.
Shares of NYSE:RPM traded up $0.99 during trading on Thursday, reaching $88.29. 10,121 shares of the stock were exchanged, compared to its average volume of 848,312. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. The stock has a fifty day moving average of $88.58 and a two-hundred day moving average of $84.36. RPM International has a 1-year low of $42.85 and a 1-year high of $98.35. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.25 and a quick ratio of 1.53.
The business 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. This represents a $1.52 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, January 14th. RPM International’s payout ratio is presently 49.51%.
RPM has been the subject of several recent analyst reports. Bank of America raised their target price on shares of RPM International from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. BMO Capital Markets boosted their target price on shares of RPM International from $109.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada boosted their target price on shares of RPM International from $93.00 to $102.00 in a report on Thursday, October 8th. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Friday, October 9th. Finally, Evercore ISI assumed coverage on shares of RPM International in a report on Tuesday, September 22nd. They issued an “inline” rating and a $90.00 target price for the company. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. RPM International has an average rating of “Buy” and an average price target of $92.00.
In other news, CEO Frank C. Sullivan sold 68,614 shares of the 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 transaction, the chief executive officer now owns 1,161,892 shares of the company’s stock, valued at approximately $102,118,687.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.
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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