Equities research analysts forecast that RPM International Inc. (NYSE:RPM) will post $1.61 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for RPM International’s earnings, with estimates ranging from $1.60 billion to $1.61 billion. RPM International reported sales of $1.56 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The firm is expected to report its next quarterly earnings report on Thursday, July 18th.

According to Zacks, analysts expect that RPM International will report full-year sales of $5.57 billion for the current financial year, with estimates ranging from $5.55 billion to $5.58 billion. For the next financial year, analysts expect that the company will report sales of $5.75 billion, with estimates ranging from $5.62 billion to $5.89 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow RPM International.

RPM International (NYSE:RPM) last released its earnings results on Thursday, April 4th. The specialty chemicals company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. RPM International had a net margin of 3.96% and a return on equity of 21.39%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year.

A number of equities research analysts have commented on the stock. TheStreet cut shares of RPM International from a “b-” rating to a “c” rating in a research note on Friday, April 5th. Zacks Investment Research cut shares of RPM International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 29th. JPMorgan Chase & Co. upgraded shares of RPM International from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $50.00 to $55.00 in a research report on Monday, April 8th. Royal Bank of Canada reiterated a “hold” rating and set a $59.00 price objective on shares of RPM International in a research report on Sunday, January 6th. Finally, Vertical Research cut shares of RPM International from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $66.57.

NYSE RPM traded up $0.76 on Thursday, reaching $61.69. 394,445 shares of the stock were exchanged, compared to its average volume of 838,542. RPM International has a one year low of $47.53 and a one year high of $68.13. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 2.61 and a beta of 1.18. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 1.44.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, April 15th. RPM International’s payout ratio is currently 47.95%.

Institutional investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new stake in shares of RPM International during the third quarter valued at approximately $214,000. Canada Pension Plan Investment Board bought a new stake in shares of RPM International during the fourth quarter valued at approximately $10,768,000. Stock Yards Bank & Trust Co. raised its position in shares of RPM International by 1.4% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 187,347 shares of the specialty chemicals company’s stock valued at $11,012,000 after buying an additional 2,672 shares during the last quarter. Norges Bank bought a new stake in shares of RPM International during the fourth quarter valued at approximately $63,851,000. Finally, Arizona State Retirement System raised its position in shares of RPM International by 0.5% during the fourth quarter. Arizona State Retirement System now owns 95,257 shares of the specialty chemicals company’s stock valued at $5,599,000 after buying an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 76.40% of the company’s stock.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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