Brokerages Expect RPM International Inc. (RPM) Will Announce Earnings of $0.60 Per Share

Brokerages expect that RPM International Inc. (NYSE:RPM) will post $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for RPM International’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.63. RPM International reported earnings of $0.52 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 15.4%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, January 4th.

According to Zacks, analysts expect that RPM International will report full year earnings of $2.86 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.90. For the next fiscal year, analysts forecast that the business will post earnings of $3.14 per share, with EPS estimates ranging from $2.99 to $3.24. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for RPM International.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis.

RPM has been the topic of several recent research reports. TheStreet upgraded RPM International from a “c+” rating to a “b-” rating in a research report on Tuesday, December 5th. Royal Bank of Canada reaffirmed a “hold” rating and set a $51.00 target price on shares of RPM International in a research note on Wednesday, November 15th. Zacks Investment Research raised RPM International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $56.00 target price on shares of RPM International in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. RPM International presently has an average rating of “Hold” and a consensus price target of $57.33.

Shares of RPM International (RPM) opened at $52.27 on Wednesday. The company has a market capitalization of $6,929.23, a P/E ratio of 20.43, a P/E/G ratio of 2.31 and a beta of 1.53. RPM International has a 52-week low of $47.87 and a 52-week high of $56.48. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.16 and a quick ratio of 1.38.

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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its holdings in RPM International by 2.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock valued at $119,000 after acquiring an additional 57 shares during the period. Flinton Capital Management LLC boosted its holdings in RPM International by 52.1% during the 2nd quarter. Flinton Capital Management LLC now owns 6,864 shares of the specialty chemicals company’s stock valued at $374,000 after acquiring an additional 2,352 shares during the period. Airain ltd boosted its holdings in RPM International by 40.6% during the 2nd quarter. Airain ltd now owns 7,524 shares of the specialty chemicals company’s stock valued at $410,000 after acquiring an additional 2,172 shares during the period. Riverhead Capital Management LLC boosted its holdings in RPM International by 52.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,623 shares of the specialty chemicals company’s stock valued at $416,000 after acquiring an additional 2,623 shares during the period. Finally, Albion Financial Group UT boosted its holdings in RPM International by 1.1% during the 2nd quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock valued at $468,000 after acquiring an additional 95 shares during the period. Institutional investors own 75.44% of the company’s stock.

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RPM International Company Profile

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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