Wall Street analysts expect RPM International Inc. (NYSE:RPM) to report earnings per share of $0.91 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for RPM International’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.90. RPM International reported earnings of $0.52 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 75%. The business is expected to announce its next earnings results on Wednesday, October 2nd.
On average, analysts expect that RPM International will report full-year earnings of $3.35 per share for the current year, with EPS estimates ranging from $3.30 to $3.38. For the next financial year, analysts expect that the business will report earnings of $4.12 per share, with EPS estimates ranging from $3.98 to $4.55. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow RPM International.
RPM International (NYSE:RPM) last announced its quarterly earnings results on Monday, July 22nd. The specialty chemicals company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.10. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. RPM International had a return on equity of 23.46% and a net margin of 4.79%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share.
In other RPM International news, Director Frederick R. Nance sold 1,100 shares of RPM International stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $66.54, for a total transaction of $73,194.00. Following the completion of the sale, the director now owns 16,581 shares of the company’s stock, valued at $1,103,299.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of RPM. Norges Bank bought a new stake in RPM International during the fourth quarter worth about $63,851,000. Geode Capital Management LLC lifted its stake in RPM International by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 1,283,241 shares of the specialty chemicals company’s stock worth $75,428,000 after purchasing an additional 88,197 shares during the last quarter. We Are One Seven LLC lifted its stake in RPM International by 62.2% during the first quarter. We Are One Seven LLC now owns 4,272 shares of the specialty chemicals company’s stock worth $247,000 after purchasing an additional 1,639 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in RPM International during the first quarter worth about $591,000. Finally, Sciencast Management LP lifted its stake in RPM International by 13.5% during the first quarter. Sciencast Management LP now owns 10,100 shares of the specialty chemicals company’s stock worth $607,000 after purchasing an additional 1,200 shares during the last quarter. 77.51% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE RPM traded up $0.91 during mid-day trading on Thursday, hitting $65.95. The company had a trading volume of 21,618 shares, compared to its average volume of 762,967. The firm has a market capitalization of $8.50 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. RPM International has a 1 year low of $51.95 and a 1 year high of $68.86. The business’s 50-day simple moving average is $63.02. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.64 and a quick ratio of 1.09.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Monday, July 15th. RPM International’s dividend payout ratio (DPR) is currently 51.66%.
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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