RPM International Inc. (NYSE:RPM) – Equities research analysts at Seaport Global Securities lowered their Q4 2021 EPS estimates for RPM International in a report released on Thursday, April 8th. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings of $1.30 per share for the quarter, down from their prior forecast of $1.55. Seaport Global Securities also issued estimates for RPM International’s Q2 2022 earnings at $1.16 EPS, Q3 2022 earnings at $0.47 EPS and Q4 2022 earnings at $1.59 EPS.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, April 6th. The specialty chemicals company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.21 billion. RPM International had a net margin of 7.50% and a return on equity of 35.72%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share.
NYSE RPM opened at $91.24 on Monday. The company’s 50-day moving average price is $87.93 and its 200-day moving average price is $87.48. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 1.43. The stock has a market cap of $11.87 billion, a PE ratio of 27.65, a PEG ratio of 1.33 and a beta of 1.01. RPM International has a 12 month low of $62.39 and a 12 month high of $98.35.
A number of institutional investors and hedge funds have recently bought and sold shares of RPM. Eudaimonia Partners LLC purchased a new position in RPM International during the 3rd quarter worth approximately $40,000. Captrust Financial Advisors grew its stake in shares of RPM International by 2.9% during the 3rd quarter. Captrust Financial Advisors now owns 10,479 shares of the specialty chemicals company’s stock worth $863,000 after purchasing an additional 293 shares during the period. California State Teachers Retirement System grew its stake in shares of RPM International by 2.2% during the 3rd quarter. California State Teachers Retirement System now owns 235,141 shares of the specialty chemicals company’s stock worth $19,479,000 after purchasing an additional 4,957 shares during the period. Rockland Trust Co. grew its stake in shares of RPM International by 3.7% during the 4th quarter. Rockland Trust Co. now owns 6,376 shares of the specialty chemicals company’s stock worth $579,000 after purchasing an additional 226 shares during the period. Finally, First American Bank acquired a new stake in shares of RPM International during the 4th quarter worth approximately $204,000. 74.67% of the stock is owned by institutional investors.
In related news, CFO Russell L. Gordon sold 9,668 shares of the stock in a transaction that occurred on Wednesday, January 27th. The shares were sold at an average price of $84.89, for a total value of $820,716.52. Following the completion of the transaction, the chief financial officer now directly owns 103,997 shares of the company’s stock, valued at approximately $8,828,305.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Thursday, April 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, April 14th. RPM International’s payout ratio is currently 49.51%.
About RPM International
RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Industrial, Consumer, and Specialty. The Industrial segment is the maintenance and protection products for roofing and waterproofing systems, flooring, passive fire protection, corrosion control, high-performance sealing and bonding solutions, infrastructure rehabilitation and repair, and other construction chemicals.
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