FY2017 EPS Estimates for RPM International Inc. (RPM) Decreased by KeyCorp
RPM International Inc. (NYSE:RPM) – Investment analysts at KeyCorp cut their FY2017 earnings per share estimates for RPM International in a research report issued on Wednesday. KeyCorp analyst I. Marcuse now expects that the firm will post earnings of $2.70 per share for the year, down from their previous estimate of $2.75.
RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 5th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. RPM International had a net margin of 7.62% and a return on equity of 27.52%. The firm had revenue of $1.25 billion for the quarter. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year.
A number of other brokerages also recently issued reports on RPM. Zacks Investment Research downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Wellington Shields downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Seaport Global Securities downgraded RPM International from an “accumulate” rating to a “neutral” rating and lifted their price target for the company from $55.00 to $57.00 in a research report on Wednesday, August 10th. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of RPM International in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.25.
Shares of RPM International (NYSE:RPM) traded down 2.05% during mid-day trading on Friday, hitting $49.18. 1,375,979 shares of the stock were exchanged. The company’s 50-day moving average is $53.22 and its 200-day moving average is $51.34. RPM International has a 1-year low of $36.78 and a 1-year high of $55.92. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 18.67 and a beta of 1.38.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a $0.30 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.44%. RPM International’s payout ratio is presently 40.44%.
In other RPM International news, VP Barry Slifstein sold 1,000 shares of RPM International stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $54.27, for a total value of $54,270.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Matthew T. Ratajczak sold 4,152 shares of RPM International stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $54.04, for a total value of $224,374.08. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. TimesSquare Capital Management LLC boosted its position in shares of RPM International by 25.3% in the first quarter. TimesSquare Capital Management LLC now owns 4,131,060 shares of the company’s stock worth $195,523,000 after buying an additional 833,090 shares during the period. GW&K Investment Management LLC boosted its position in shares of RPM International by 9.1% in the second quarter. GW&K Investment Management LLC now owns 1,002,994 shares of the company’s stock worth $50,100,000 after buying an additional 83,582 shares during the period. Geode Capital Management LLC boosted its position in shares of RPM International by 3.5% in the first quarter. Geode Capital Management LLC now owns 801,545 shares of the company’s stock worth $37,937,000 after buying an additional 26,989 shares during the period. Eaton Vance Management bought a new position in shares of RPM International during the second quarter worth approximately $21,042,000. Finally, Roffman Miller Associates Inc. PA boosted its position in shares of RPM International by 1.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 383,211 shares of the company’s stock worth $19,141,000 after buying an additional 6,603 shares during the period. 72.08% of the stock is currently owned by institutional investors and hedge funds.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.
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