KeyCorp Equities Analysts Lower Earnings Estimates for RPM International Inc. (RPM)
RPM International Inc. (NYSE:RPM) – Stock analysts at KeyCorp reduced their Q2 2017 earnings per share estimates for shares of RPM International in a report issued on Wednesday. KeyCorp analyst I. Marcuse now anticipates that the firm will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.61. KeyCorp also issued estimates for RPM International’s Q3 2017 earnings at $0.14 EPS.
RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. RPM International had a net margin of 7.37% and a return on equity of 28.11%. The firm earned $1.25 billion during the quarter. During the same period in the prior year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis.
Several other analysts have also issued reports on the stock. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, August 2nd. Seaport Global Securities downgraded shares of RPM International from an “accumulate” rating to a “neutral” rating and upped their price objective for the company from $55.00 to $57.00 in a report on Wednesday, August 10th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of RPM International in a report on Monday, July 18th. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a report on Thursday, June 16th. Finally, Wellington Shields downgraded shares of RPM International from a “buy” rating to a “hold” rating in a 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. The stock has a consensus rating of “Hold” and a consensus target price of $53.25.
Shares of RPM International (NYSE:RPM) traded down 0.75% during trading on Thursday, reaching $50.23. 565,079 shares of the company traded hands. RPM International has a 12 month low of $36.78 and a 12 month high of $55.92. The company has a 50-day moving average of $53.48 and a 200-day moving average of $51.32. The stock has a market capitalization of $6.69 billion, a PE ratio of 19.07 and a beta of 1.38.
Institutional investors have recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC acquired a new position in RPM International during the second quarter valued at approximately $112,000. Fuller & Thaler Asset Management Inc. acquired a new position in RPM International during the second quarter valued at approximately $115,000. Moon Capital Management LLC acquired a new position in RPM International during the second quarter valued at approximately $199,000. FDx Advisors Inc. acquired a new position in RPM International during the second quarter valued at approximately $205,000. Finally, Johnson Financial Group Inc. purchased a new stake in RPM International during the second quarter valued at $250,000. Institutional investors and hedge funds own 72.08% of the company’s stock.
In related news, SVP Edward W. Moore sold 22,547 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 88,097 shares in the company, valued at $4,748,428.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Barry Slifstein sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $54.27, for a total transaction of $54,270.00. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
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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