Wall Street analysts expect RPM International Inc. (NYSE:RPM) to report $1.60 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for RPM International’s earnings. The lowest sales estimate is $1.60 billion and the highest is $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 2.6%. The company is expected to issue its next earnings report before the market opens on Monday, July 22nd.

On average, analysts expect that RPM International will report full-year sales of $5.57 billion for the current year, with estimates ranging from $5.55 billion to $5.58 billion. For the next fiscal year, analysts expect that the business will post sales of $5.74 billion, with estimates ranging from $5.62 billion to $5.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover RPM International.

Several brokerages have recently issued reports on RPM. ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. Gabelli reissued a “buy” rating on shares of RPM International in a report on Monday, April 8th. JPMorgan Chase & Co. set a $60.00 price target on shares of Bayerische Motoren Werke and gave the company a “sell” rating in a report on Monday, April 8th. BMO Capital Markets reissued a “buy” rating on shares of Brookfield Asset Management in a report on Friday, April 5th. Finally, TheStreet raised shares of Voya Financial from a “c+” rating to a “b-” rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.29.

Shares of RPM stock traded down $0.02 on Friday, hitting $62.44. The stock had a trading volume of 839,300 shares, compared to its average volume of 684,277. RPM International has a twelve month low of $51.95 and a twelve month high of $68.13. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 2.07 and a beta of 1.27. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 1.81. The company has a fifty day simple moving average of $60.00.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, July 15th. This represents a $1.40 annualized dividend and a yield of 2.24%. RPM International’s dividend payout ratio (DPR) is presently 47.95%.

Hedge funds have recently modified their holdings of the company. BTIM Corp. raised its holdings in shares of RPM International by 3.6% in the 1st quarter. BTIM Corp. now owns 334,869 shares of the specialty chemicals company’s stock valued at $19,436,000 after purchasing an additional 11,784 shares during the period. Norges Bank bought a new position in RPM International in the 4th quarter valued at about $63,851,000. Geode Capital Management LLC raised its holdings in RPM International by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 1,283,241 shares of the specialty chemicals company’s stock valued at $75,428,000 after acquiring an additional 88,197 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in RPM International in the 1st quarter valued at about $594,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in RPM International in the 1st quarter valued at about $332,000. 76.79% of the stock is currently owned by institutional investors.

RPM International Company Profile

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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Earnings History and Estimates for RPM International (NYSE:RPM)

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