RPM International Inc. (RPM) to Post Q2 2017 Earnings of $0.60 Per Share, Northcoast Research Forecasts
RPM International Inc. (NYSE:RPM) – Stock analysts at Northcoast Research dropped their Q2 2017 earnings per share estimates for RPM International in a research report issued to clients and investors on Monday. Northcoast Research analyst K. Hocevar now expects that the brokerage will post earnings per share of $0.60 for the quarter, down from their prior forecast of $0.61. Northcoast Research also issued estimates for RPM International’s Q4 2017 earnings at $1.13 EPS.
RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 5th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The company had revenue of $1.25 billion for the quarter. During the same period in the prior year, the business posted $0.74 earnings per share. RPM International’s revenue for the quarter was up .5% compared to the same quarter last year.
Several other research firms have also issued reports on RPM. Zacks Investment Research lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Wellington Shields lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Seaport Global Securities lowered shares of RPM International from an “accumulate” rating to a “neutral” rating and boosted their price objective for the company from $55.00 to $57.00 in a report on Wednesday, August 10th. Morgan Stanley reissued a “buy” rating on shares of RPM International in a report on Thursday, June 16th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of RPM International in a report on Wednesday, October 5th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $54.67.
Shares of RPM International (NYSE:RPM) traded down 0.40% during trading on Tuesday, reaching $47.79. The company had a trading volume of 501,223 shares. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 17.53 and a beta of 1.38. RPM International has a 1-year low of $36.78 and a 1-year high of $55.92. The company’s 50 day moving average is $52.70 and its 200-day moving average is $51.39.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a dividend of $0.30 per share. 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 yield of 2.49%. RPM International’s payout ratio is currently 40.44%.
In related news, Chairman Frank C. Sullivan sold 60,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $53.56, for a total transaction of $3,213,600.00. Following the completion of the transaction, the chairman now directly owns 1,144,622 shares in the company, valued at $61,305,954.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Barry Slifstein sold 1,000 shares of the business’s stock in a transaction on 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. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of RPM. Cribstone Capital Management LLC acquired a new position in RPM International during the second quarter worth about $112,000. Fuller & Thaler Asset Management Inc. acquired a new position in RPM International during the second quarter worth about $115,000. Moon Capital Management LLC acquired a new position in RPM International during the second quarter worth about $199,000. FDx Advisors Inc. acquired a new position in RPM International during the second quarter worth about $205,000. Finally, Johnson Financial Group Inc. acquired a new position in RPM International during the second quarter worth about $250,000. 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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