RPM International Inc. Forecasted to Post FY2017 Earnings of $2.70 Per Share (RPM)
RPM International Inc. (NYSE:RPM) – Research analysts at KeyCorp lowered their FY2017 EPS estimates for RPM International in a report released on Wednesday. KeyCorp analyst I. Marcuse now expects that the brokerage will post earnings of $2.70 per share for the year, down from their previous estimate of $2.75.
RPM has been the topic of a number of other research reports. Wells Fargo & Co. reissued a “buy” rating on shares of RPM International in a report on Wednesday. Morgan Stanley reissued a “buy” rating on shares of RPM International in a report on Thursday, June 16th. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Seaport Global Securities lowered RPM International from an “accumulate” rating to a “neutral” rating and boosted their target price for the company from $55.00 to $57.00 in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of RPM International in a report on Monday, July 18th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.67.
RPM International (NYSE:RPM) opened at 49.18 on Friday. RPM International has a 12 month low of $36.78 and a 12 month high of $55.92. The stock’s 50 day moving average price is $53.22 and its 200-day moving average price is $51.34. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 18.67 and a beta of 1.38.
RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The firm had revenue of $1.25 billion for the quarter. During the same quarter last year, the business earned $0.74 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis.
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 paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This is an increase 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 2.44%. RPM International’s payout ratio is 40.44%.
In related news, Chairman Frank C. Sullivan sold 60,000 shares of RPM International stock in a transaction that occurred 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 sale, the chairman now directly owns 1,144,622 shares in the company, valued at $61,305,954.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Matthew T. Ratajczak sold 4,152 shares of RPM International stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $54.04, for a total value of $224,374.08. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Cribstone Capital Management LLC acquired a new stake in RPM International during the second quarter worth $112,000. Fuller & Thaler Asset Management Inc. acquired a new stake in RPM International during the second quarter worth $115,000. Moon Capital Management LLC acquired a new stake in RPM International during the second quarter worth $199,000. FDx Advisors Inc. acquired a new stake in RPM International during the second quarter worth $205,000. Finally, Johnson Financial Group Inc. acquired a new stake in RPM International during the second quarter worth $250,000. Hedge funds and other institutional investors own 72.08% of the company’s stock.
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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