Q4 2018 EPS Estimates for RPM International Inc. Lifted by Analyst (RPM)
RPM International Inc. (NYSE:RPM) – Investment analysts at KeyCorp lifted their Q4 2018 earnings estimates for RPM International in a report issued on Tuesday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings of $1.27 per share for the quarter, up from their previous estimate of $1.21.
Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of RPM International from a “c+” rating to a “b-” rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $51.00 price target on shares of RPM International in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. RPM International has an average rating of “Hold” and an average target price of $57.86.
Shares of RPM International (NYSE:RPM) traded up $0.64 on Thursday, reaching $52.99. 670,525 shares of the company traded hands, compared to its average volume of 1,273,069. RPM International has a 12 month low of $47.87 and a 12 month high of $56.69. The company has a market capitalization of $7,080.00, a PE ratio of 20.94, a PEG ratio of 1.88 and a beta of 1.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.23 and a quick ratio of 1.42.
RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.11. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. RPM International’s quarterly revenue was up 10.5% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, January 16th. RPM International’s payout ratio is 50.59%.
In other RPM International news, Chairman Frank C. Sullivan sold 35,000 shares of RPM International stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the completion of the transaction, the chairman now directly owns 1,188,489 shares of the company’s stock, valued at $62,253,053.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Edward W. Moore sold 2,578 shares of RPM International stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $53.79, for a total transaction of $138,670.62. Following the transaction, the senior vice president now directly owns 98,417 shares of the company’s stock, valued at $5,293,850.43. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC boosted its stake in RPM International by 2.7% during the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock worth $119,000 after buying an additional 57 shares during the period. Albion Financial Group UT boosted its stake in RPM International by 1.1% during the second quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock worth $468,000 after buying an additional 95 shares during the period. Fieldpoint Private Securities LLC boosted its stake in RPM International by 1.5% during the second quarter. Fieldpoint Private Securities LLC now owns 13,805 shares of the specialty chemicals company’s stock worth $753,000 after buying an additional 200 shares during the period. Oakbrook Investments LLC boosted its stake in RPM International by 14.5% during the third quarter. Oakbrook Investments LLC now owns 12,650 shares of the specialty chemicals company’s stock worth $649,000 after buying an additional 1,600 shares during the period. Finally, Aperio Group LLC boosted its stake in RPM International by 6.5% during the third quarter. Aperio Group LLC now owns 27,742 shares of the specialty chemicals company’s stock worth $1,424,000 after buying an additional 1,696 shares during the period. 75.25% of the stock is owned by institutional investors.
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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, 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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