RPM International Inc. (RPM) Forecasted to Post FY2018 Earnings of $3.10 Per Share
RPM International Inc. (NYSE:RPM) – Equities researchers at Gabelli cut their FY2018 earnings estimates for RPM International in a report released on Friday. Gabelli analyst R. Morbelli now expects that the firm will earn $3.10 per share for the year, down from their previous forecast of $3.15. Gabelli also issued estimates for RPM International’s FY2019 earnings at $3.45 EPS.
Several other equities research analysts have also recently weighed in on RPM. Zacks Investment Research cut shares of RPM International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. Wellington Shields cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of RPM International in a research report on Monday, July 18th. Finally, Seaport Global Securities cut shares of RPM International from an “accumulate” rating to a “neutral” rating and upped their price target for the stock from $55.00 to $57.00 in a research report on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. RPM International currently has an average rating of “Hold” and a consensus target price of $54.67.
RPM International (NYSE:RPM) opened at 49.18 on Monday. The stock’s 50 day moving average is $53.22 and its 200 day moving average is $51.34. RPM International has a 52 week low of $36.78 and a 52 week high of $55.92. The stock has a market cap of $6.55 billion, a PE ratio of 18.67 and a beta of 1.38.
RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 had revenue of $1.25 billion for the quarter. During the same quarter in the prior year, the business posted $0.74 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. 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. RPM International’s payout ratio is 40.44%.
In related news, SVP Edward W. Moore sold 22,547 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $53.90, for a total transaction of $1,215,283.30. Following the completion of the transaction, the senior vice president now owns 88,097 shares in the company, valued at approximately $4,748,428.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 4,152 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $54.04, for a total transaction of $224,374.08. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of RPM International by 0.5% in the second quarter. IFP Advisors Inc now owns 5,715 shares of the company’s stock worth $285,000 after buying an additional 29 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of RPM International by 42.8% in the second quarter. Public Employees Retirement System of Ohio now owns 51,513 shares of the company’s stock worth $2,573,000 after buying an additional 15,439 shares during the last quarter. Hendley & Co. Inc. raised its position in shares of RPM International by 0.9% in the second quarter. Hendley & Co. Inc. now owns 77,255 shares of the company’s stock worth $3,859,000 after buying an additional 725 shares during the last quarter. Amalgamated Bank raised its position in shares of RPM International by 39.3% in the second quarter. Amalgamated Bank now owns 22,806 shares of the company’s stock worth $1,238,000 after buying an additional 6,440 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of RPM International by 3.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 130,666 shares of the company’s stock worth $6,527,000 after buying an additional 4,166 shares during the last quarter. Hedge funds and other institutional investors own 72.08% of the company’s stock.
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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