Zacks: Brokerages Expect RPM International Inc. (NYSE:RPM) to Post $1.27 EPS

Brokerages forecast that RPM International Inc. (NYSE:RPM) will report earnings of $1.27 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for RPM International’s earnings. The highest EPS estimate is $1.30 and the lowest is $1.24. RPM International posted earnings per share of $1.13 in the same quarter last year, which suggests a positive year over year growth rate of 12.4%. The business is expected to announce its next earnings results on Monday, July 26th.

According to Zacks, analysts expect that RPM International will report full year earnings of $4.15 per share for the current financial year, with EPS estimates ranging from $4.11 to $4.17. For the next year, analysts anticipate that the firm will post earnings of $4.37 per share, with EPS estimates ranging from $4.15 to $4.49. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow RPM International.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, April 6th. The specialty chemicals company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.21 billion. RPM International had a return on equity of 35.89% and a net margin of 7.83%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share.

Several research firms have recently weighed in on RPM. Royal Bank of Canada lifted their price objective on RPM International from $92.00 to $100.00 and gave the company a “sector perform” rating in a research note on Friday, May 14th. Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Thursday, March 4th. Zacks Investment Research lowered RPM International from a “hold” rating to a “strong sell” rating and set a $80.00 target price on the stock. in a research report on Friday, June 4th. G.Research reiterated a “buy” rating on shares of RPM International in a research note on Thursday, April 8th. Finally, BMO Capital Markets dropped their target price on shares of RPM International from $113.00 to $108.00 and set an “outperform” rating on the stock in a report on Friday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $95.00.

RPM stock traded up $0.07 on Friday, hitting $91.44. 2,093 shares of the company were exchanged, compared to its average volume of 564,849. RPM International has a twelve month low of $71.19 and a twelve month high of $99.30. The firm has a market cap of $11.84 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.25 and a quick ratio of 1.41. The company has a fifty day simple moving average of $94.14.

The company also recently announced a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Thursday, April 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Wednesday, April 14th. RPM International’s dividend payout ratio is 49.51%.

In other RPM International news, Director Thomas Gross sold 1,887 shares of the stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $90.59, for a total value of $170,943.33. Following the completion of the sale, the director now directly owns 5,016 shares of the company’s stock, valued at approximately $454,399.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in RPM International by 65.2% in the fourth quarter. IFP Advisors Inc now owns 304 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Certified Advisory Corp acquired a new position in shares of RPM International in the 1st quarter worth approximately $85,000. Parallel Advisors LLC lifted its position in shares of RPM International by 13.8% during the 4th quarter. Parallel Advisors LLC now owns 1,064 shares of the specialty chemicals company’s stock worth $97,000 after buying an additional 129 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in RPM International by 28.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,176 shares of the specialty chemicals company’s stock valued at $107,000 after buying an additional 263 shares in the last quarter. Finally, Strs Ohio acquired a new stake in RPM International in the 4th quarter valued at $135,000. 76.83% of the stock is currently owned by institutional investors and hedge funds.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It 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; 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 and sealants, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; and insulated building cladding materials and concrete form wall systems.

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