Zacks: Analysts Expect RPM International Inc. (NYSE:RPM) to Post $1.44 Earnings Per Share

Equities analysts expect that RPM International Inc. (NYSE:RPMGet Rating) will announce earnings per share (EPS) of $1.44 for the current quarter, Zacks reports. Three analysts have issued estimates for RPM International’s earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.50. RPM International reported earnings per share of $1.28 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that RPM International will report full year earnings of $3.69 per share for the current fiscal year, with EPS estimates ranging from $3.66 to $3.75. For the next year, analysts forecast that the company will post earnings of $4.27 per share, with EPS estimates ranging from $3.98 to $4.67. Zacks’ EPS averages are an average based on a survey of analysts that cover RPM International.

RPM International (NYSE:RPMGet Rating) last posted its earnings results on Wednesday, April 6th. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.08. RPM International had a return on equity of 25.48% and a net margin of 6.94%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company earned $0.38 EPS. RPM International’s revenue was up 13.0% on a year-over-year basis.

Several equities research analysts have weighed in on RPM shares. BMO Capital Markets cut their price target on RPM International from $115.00 to $111.00 and set an “outperform” rating on the stock in a report on Tuesday, April 12th. TheStreet downgraded RPM International from a “b” rating to a “c+” rating in a report on Wednesday, April 6th. JPMorgan Chase & Co. upgraded RPM International from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $85.00 to $100.00 in a report on Thursday, January 6th. Wells Fargo & Company dropped their price objective on RPM International from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Thursday, April 7th. Finally, Zacks Investment Research downgraded RPM International from a “hold” rating to a “sell” rating and set a $85.00 price objective on the stock. in a report on Monday, March 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $98.00.

RPM traded up $1.71 during mid-day trading on Thursday, hitting $86.02. 459,915 shares of the stock were exchanged, compared to its average volume of 649,038. The firm’s fifty day moving average is $83.20 and its two-hundred day moving average is $88.51. RPM International has a 1-year low of $75.11 and a 1-year high of $101.48. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 1.03. The company has a market cap of $11.14 billion, a PE ratio of 24.30, a PEG ratio of 4.60 and a beta of 0.99.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. RPM International’s payout ratio is 46.38%.

A number of institutional investors have recently bought and sold shares of RPM. Whittier Trust Co. of Nevada Inc. lifted its position in RPM International by 4.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 11,381 shares of the specialty chemicals company’s stock worth $884,000 after acquiring an additional 523 shares during the period. Whittier Trust Co. lifted its position in RPM International by 6.4% during the 3rd quarter. Whittier Trust Co. now owns 29,276 shares of the specialty chemicals company’s stock worth $2,273,000 after acquiring an additional 1,770 shares during the period. New York State Common Retirement Fund lifted its position in RPM International by 2.4% during the 3rd quarter. New York State Common Retirement Fund now owns 139,535 shares of the specialty chemicals company’s stock worth $10,835,000 after acquiring an additional 3,335 shares during the period. Alley Co LLC lifted its position in RPM International by 3.6% during the 3rd quarter. Alley Co LLC now owns 40,672 shares of the specialty chemicals company’s stock worth $3,158,000 after acquiring an additional 1,421 shares during the period. Finally, Cozad Asset Management Inc. lifted its position in RPM International by 1.3% during the 3rd quarter. Cozad Asset Management Inc. now owns 30,522 shares of the specialty chemicals company’s stock worth $2,370,000 after acquiring an additional 389 shares during the period. 79.49% of the stock is owned by institutional investors.

RPM International Company Profile (Get Rating)

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, 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, 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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