RPM International (RPM) Scheduled to Post Quarterly Earnings on Thursday

RPM International (NYSE:RPM) is set to announce its earnings results before the market opens on Thursday, April 4th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. RPM International has set its Q3 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.01). RPM International had a return on equity of 26.71% and a net margin of 7.15%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $1.10 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, analysts expect RPM International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

RPM International Trading Down 1.2 %

Shares of RPM stock opened at $116.87 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.45 and a current ratio of 2.33. RPM International has a 1 year low of $78.52 and a 1 year high of $120.74. The stock has a fifty day moving average of $112.82 and a two-hundred day moving average of $105.56. The firm has a market capitalization of $15.06 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a yield of 1.57%. RPM International’s dividend payout ratio (DPR) is presently 45.10%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RPM. Mizuho began coverage on RPM International in a report on Friday, January 12th. They set a “buy” rating and a $128.00 target price for the company. UBS Group upped their target price on RPM International from $111.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Finally, BMO Capital Markets upped their target price on RPM International from $125.00 to $127.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.80.

Insider Transactions at RPM International

In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of RPM International stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the transaction, the vice president now directly owns 23,451 shares in the company, valued at $2,570,933.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of RPM International stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the transaction, the vice president now directly owns 23,451 shares in the company, valued at $2,570,933.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick R. Nance sold 1,835 shares of RPM International stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now owns 8,180 shares in the company, valued at $892,029. The disclosure for this sale can be found here. Insiders have sold 10,215 shares of company stock worth $1,112,547 in the last three months. Insiders own 1.50% of the company’s stock.

Institutional Trading of RPM International

Several hedge funds and other institutional investors have recently modified their holdings of RPM. Baird Financial Group Inc. raised its stake in shares of RPM International by 9.0% in the 1st quarter. Baird Financial Group Inc. now owns 233,786 shares of the specialty chemicals company’s stock valued at $19,039,000 after purchasing an additional 19,318 shares during the period. Cowa LLC raised its stake in shares of RPM International by 9,901.1% in the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock valued at $263,000 after purchasing an additional 319,411 shares during the period. Ancora Advisors LLC raised its stake in shares of RPM International by 11.5% in the 1st quarter. Ancora Advisors LLC now owns 1,450 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 150 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of RPM International by 26.8% in the first quarter. BNP Paribas Arbitrage SA now owns 39,313 shares of the specialty chemicals company’s stock valued at $3,202,000 after acquiring an additional 8,319 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of RPM International by 18.3% in the first quarter. Neuberger Berman Group LLC now owns 23,423 shares of the specialty chemicals company’s stock valued at $1,908,000 after acquiring an additional 3,625 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.