RPM International Inc. Expected to Earn FY2018 Earnings of $3.10 Per Share (RPM)
RPM International Inc. (NYSE:RPM) – Investment analysts at Gabelli dropped their FY2018 earnings per share (EPS) estimates for shares of RPM International in a report issued on Friday. Gabelli analyst R. Morbelli now expects that the brokerage will post earnings of $3.10 per share for the year, down from their prior forecast of $3.15. Gabelli also issued estimates for RPM International’s FY2019 earnings at $3.45 EPS.
RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The company had revenue of $1.25 billion for the quarter. RPM International had a net margin of 7.62% and a return on equity of 27.52%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS.
Several other analysts also recently weighed in on the stock. Wells Fargo & Co. restated a “buy” rating on shares of RPM International in a research report on Wednesday, October 5th. Zacks Investment Research downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Seaport Global Securities downgraded shares of RPM International from an “accumulate” rating to a “neutral” rating and boosted their price objective for the stock from $55.00 to $57.00 in a research report on Wednesday, August 10th. JPMorgan Chase & Co. restated a “hold” rating on shares of RPM International in a research report on Monday, July 18th. Finally, Wellington Shields downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. RPM International currently has an average rating of “Hold” and a consensus price target of $54.67.
RPM International (NYSE:RPM) traded down 1.55% during mid-day trading on Monday, reaching $48.33. 840,248 shares of the company traded hands. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 17.73 and a beta of 1.38. The stock’s 50 day moving average price is $53.06 and its 200 day moving average price is $51.43. RPM International has a 52 week low of $36.78 and a 52 week high of $55.92.
A number of hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in RPM International by 0.5% in the second quarter. IFP Advisors Inc now owns 5,715 shares of the company’s stock valued at $285,000 after buying an additional 29 shares during the period. Carnick & Kubik LLC increased its position in shares of RPM International by 0.7% in the first quarter. Carnick & Kubik LLC now owns 6,872 shares of the company’s stock worth $325,000 after buying an additional 50 shares during the last quarter. Benedict Financial Advisors Inc. increased its position in shares of RPM International by 0.5% in the second quarter. Benedict Financial Advisors Inc. now owns 11,157 shares of the company’s stock worth $561,000 after buying an additional 61 shares during the last quarter. Alley Co LLC increased its position in shares of RPM International by 1.2% in the second quarter. Alley Co LLC now owns 47,236 shares of the company’s stock worth $2,359,000 after buying an additional 546 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of RPM International by 3.4% in the second quarter. Capstone Asset Management Co. now owns 16,508 shares of the company’s stock worth $825,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 72.08% of the company’s stock.
In related news, Chairman Frank C. Sullivan sold 60,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $53.56, for a total value of $3,213,600.00. Following the completion of the sale, the chairman now owns 1,144,622 shares in the company, valued at approximately $61,305,954.32. The transaction 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 the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $54.04, for a total transaction of $224,374.08. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
The firm also recently declared 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 annualized dividend and a yield of 2.48%. RPM International’s dividend payout ratio is 40.44%.
RPM International Company Profile
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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