RPM International Inc. (RPM) Issues Q1 Earnings Guidance

RPM International Inc. (NYSE:RPM) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.83-0.85 for the period, compared to the Thomson Reuters consensus estimate of $0.89. RPM International also updated its FY18 guidance to $2.85-2.95 EPS.

RPM International Inc. (RPM) traded down 0.78% during trading on Friday, hitting $48.44. 1,709,363 shares of the stock traded hands. The firm has a 50-day moving average price of $52.49 and a 200 day moving average price of $53.27. The firm has a market cap of $6.47 billion, a PE ratio of 35.49 and a beta of 1.54. RPM International Inc. has a 12 month low of $46.25 and a 12 month high of $56.48.

RPM International (NYSE:RPM) last released its quarterly earnings data on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the business posted $1.13 earnings per share. RPM International’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts forecast that RPM International Inc. will post $2.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. RPM International’s dividend payout ratio is presently 90.91%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of RPM International from a hold rating to a buy rating and set a $59.00 target price for the company in a research report on Saturday, May 20th. BidaskClub cut shares of RPM International from a sell rating to a strong sell rating in a research report on Saturday, August 12th. Wellington Shields raised shares of RPM International from a hold rating to an accumulate rating in a research report on Friday. Royal Bank Of Canada reissued a hold rating and set a $49.00 target price on shares of RPM International in a research report on Tuesday, June 13th. Finally, Bank of America Corporation decreased their target price on shares of RPM International from $58.00 to $56.00 and set a neutral rating for the company in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. RPM International presently has a consensus rating of Hold and a consensus price target of $58.00.

In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the transaction, the senior vice president now owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.20% of the company’s stock.

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About RPM International

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

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

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