Brokerages Anticipate RPM International Inc. (RPM) Will Post Quarterly Sales of $1.25 Billion

Wall Street analysts forecast that RPM International Inc. (NYSE:RPM) will report $1.25 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for RPM International’s earnings, with the highest sales estimate coming in at $1.26 billion and the lowest estimate coming in at $1.25 billion. RPM International posted sales of $1.19 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5%. The firm is expected to report its next quarterly earnings results on Thursday, January 4th.

According to Zacks, analysts expect that RPM International will report full-year sales of $1.25 billion for the current year, with estimates ranging from $5.19 billion to $5.25 billion. For the next financial year, analysts expect that the firm will report sales of $5.40 billion per share, with estimates ranging from $5.34 billion to $5.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for RPM International.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. RPM International had a return on equity of 24.73% and a net margin of 3.67%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis.

A number of research analysts have commented on the company. BidaskClub lowered RPM International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Wellington Shields raised RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th. TheStreet lowered RPM International from a “b” rating to a “c+” rating in a report on Wednesday, October 4th. Zacks Investment Research raised RPM International from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $51.00 price objective on shares of RPM International in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $57.33.

Shares of RPM International (RPM) traded down $0.53 during midday trading on Monday, reaching $52.44. The company’s stock had a trading volume of 537,200 shares, compared to its average volume of 769,137. The company has a current ratio of 2.16, a quick ratio of 1.38 and a debt-to-equity ratio of 1.20. RPM International has a 52-week low of $47.87 and a 52-week high of $56.48. The firm has a market cap of $7,002.62, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.53.

In other news, insider Ronald A. Rice sold 44,839 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $51.83, for a total transaction of $2,324,005.37. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oakbrook Investments LLC grew its holdings in shares of RPM International by 14.5% during the 3rd quarter. Oakbrook Investments LLC now owns 12,650 shares of the specialty chemicals company’s stock worth $649,000 after purchasing an additional 1,600 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of RPM International by 15.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 30,657 shares of the specialty chemicals company’s stock worth $1,672,000 after purchasing an additional 4,071 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of RPM International during the 2nd quarter worth $602,000. Crossmark Global Holdings Inc. acquired a new stake in shares of RPM International during the 3rd quarter worth $3,973,000. Finally, SeaBridge Investment Advisors LLC grew its holdings in shares of RPM International by 10.3% during the 3rd quarter. SeaBridge Investment Advisors LLC now owns 150,690 shares of the specialty chemicals company’s stock worth $7,736,000 after purchasing an additional 14,087 shares in the last quarter. 75.51% of the stock is currently owned by institutional investors.

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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).

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

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