RPM International Inc. (NYSE:RPM) Issues Q1 Earnings Guidance
RPM International Inc. (NYSE:RPM) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $0.83-0.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.89. RPM International also updated its FY18 guidance to $2.85-2.95 EPS.
A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of RPM International from a buy rating to a hold rating in a report on Monday, July 17th. Zacks Investment Research lowered shares of RPM International from a hold rating to a sell rating in a report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a hold rating and set a $49.00 price target on shares of RPM International in a report on Tuesday, June 13th. Finally, Seaport Global Securities raised shares of RPM International from a neutral rating to a buy rating and raised their price target for the company from $55.00 to $60.00 in a report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. RPM International presently has an average rating of Hold and a consensus price target of $58.40.
RPM International Inc. (NYSE RPM) opened at 54.67 on Monday. The firm’s 50-day moving average is $55.16 and its 200 day moving average is $53.56. RPM International Inc. has a one year low of $46.25 and a one year high of $56.48. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 35.00 and a beta of 1.55.
RPM International (NYSE:RPM) last released its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. RPM International had a net margin of 4.22% and a return on equity of 26.36%. RPM International’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. Analysts forecast that RPM International Inc. will post $2.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.19%. The ex-dividend date is Thursday, July 13th. RPM International’s dividend payout ratio (DPR) is presently 79.47%.
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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, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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