RPM International (NYSE:RPM) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

RPM International (NYSE:RPM) released its quarterly earnings results on Thursday. The specialty chemicals company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04, Briefing.com reports. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. RPM International had a return on equity of 26.72% and a net margin of 7.61%. RPM International’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS. RPM International updated its Q4 2024 guidance to EPS.

RPM International Price Performance

Shares of NYSE RPM opened at $112.96 on Friday. RPM International has a twelve month low of $78.52 and a twelve month high of $120.74. The company has a current ratio of 2.29, a quick ratio of 1.45 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. The business has a 50 day simple moving average of $113.25 and a 200-day simple moving average of $105.81.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be issued a $0.46 dividend. The ex-dividend date is Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.63%. RPM International’s dividend payout ratio (DPR) is 42.40%.

Insider Activity

In other news, Director Frederick R. Nance sold 1,835 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the completion of the sale, the director now directly owns 8,180 shares in the company, valued at approximately $892,029. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Frederick R. Nance sold 1,835 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total transaction of $200,106.75. Following the completion of the transaction, the director now directly owns 8,180 shares in the company, valued at approximately $892,029. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Matthew T. Ratajczak sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total value of $657,780.00. Following the transaction, the vice president now owns 23,451 shares of the company’s stock, valued at $2,570,933.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,215 shares of company stock worth $1,112,547. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC boosted its position in RPM International by 11.5% during the 1st quarter. Ancora Advisors LLC now owns 1,450 shares of the specialty chemicals company’s stock worth $133,000 after acquiring an additional 150 shares during the period. Azimuth Capital Investment Management LLC lifted its holdings in shares of RPM International by 4.3% in the first quarter. Azimuth Capital Investment Management LLC now owns 6,598 shares of the specialty chemicals company’s stock valued at $576,000 after buying an additional 275 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of RPM International in the first quarter valued at $56,000. UniSuper Management Pty Ltd acquired a new stake in shares of RPM International in the second quarter valued at $81,000. Finally, Resources Management Corp CT ADV lifted its holdings in shares of RPM International by 2,362.0% in the second quarter. Resources Management Corp CT ADV now owns 1,231 shares of the specialty chemicals company’s stock valued at $110,000 after buying an additional 1,181 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BMO Capital Markets reduced their price target on RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a research report on Friday. Robert W. Baird lifted their price objective on RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group lifted their price objective on RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Mizuho lifted their price objective on RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $112.60.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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; insulated building cladding materials; and concrete form wall systems.