RPM International Inc. (RPM) to Post Q2 2017 Earnings of $0.60 Per Share, Northcoast Research Forecasts
RPM International Inc. (NYSE:RPM) – Stock analysts at Northcoast Research reduced their Q2 2017 earnings estimates for RPM International in a research report issued on Monday. Northcoast Research analyst K. Hocevar now forecasts that the firm will post earnings of $0.60 per share for the quarter, down from their prior forecast of $0.61. Northcoast Research also issued estimates for RPM International’s Q4 2017 earnings at $1.13 EPS.
A number of other brokerages have also recently issued reports on RPM. Seaport Global Securities cut RPM International from an “accumulate” rating to a “neutral” rating and lifted their price objective for the company from $55.00 to $57.00 in a report on Wednesday, August 10th. Zacks Investment Research cut RPM International from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Wells Fargo & Co. reissued a “buy” rating on shares of RPM International in a report on Wednesday, October 5th. JPMorgan Chase & Co. reissued a “hold” rating on shares of RPM International in a report on Monday, July 18th. Finally, Wellington Shields cut RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $54.67.
RPM International (NYSE:RPM) traded down 0.40% during mid-day trading on Tuesday, reaching $47.79. 501,223 shares of the company’s stock were exchanged. The stock has a market cap of $6.37 billion, a P/E ratio of 17.53 and a beta of 1.38. The stock has a 50-day moving average price of $52.70 and a 200-day moving average price of $51.39. RPM International has a 52 week low of $36.78 and a 52 week high of $55.92.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. RPM International had a net margin of 7.62% and a return on equity of 27.52%. The company earned $1.25 billion during the quarter. During the same period in the previous year, the company posted $0.74 earnings per share. RPM International’s revenue was up .5% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in RPM. GW&K Investment Management LLC raised its stake 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 last quarter. BNP Paribas Arbitrage SA raised its stake in shares of RPM International by 4.6% in the second quarter. BNP Paribas Arbitrage SA now owns 64,580 shares of the company’s stock worth $3,226,000 after buying an additional 2,847 shares during the last quarter. One Capital Management LLC raised its stake in shares of RPM International by 4.6% in the first quarter. One Capital Management LLC now owns 44,646 shares of the company’s stock worth $2,113,000 after buying an additional 1,968 shares during the last quarter. Avalon Advisors LLC purchased a new stake in shares of RPM International during the first quarter worth approximately $893,000. Finally, Arizona State Retirement System raised its stake in shares of RPM International by 2.7% in the first quarter. Arizona State Retirement System now owns 68,321 shares of the company’s stock worth $3,234,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 72.08% of the company’s stock.
In other news, Chairman Frank C. Sullivan sold 60,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was 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 directly owns 1,144,622 shares in the company, valued at $61,305,954.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Edward W. Moore sold 22,547 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $53.90, for a total value of $1,215,283.30. Following the completion of the sale, the senior vice president now owns 88,097 shares of the company’s stock, valued at $4,748,428.30. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This is a positive change from RPM International’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. RPM International’s dividend payout ratio (DPR) 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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