RPM International Inc. (NYSE:RPM) Expected to Announce Quarterly Sales of $1.60 Billion

Wall Street brokerages expect that RPM International Inc. (NYSE:RPM) will report sales of $1.60 billion for the current quarter, Zacks reports. Three analysts have made estimates for RPM International’s earnings, with the highest sales estimate coming in at $1.61 billion and the lowest estimate coming in at $1.60 billion. RPM International reported sales of $1.56 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The company is expected to report its next earnings results before the market opens on Monday, July 22nd.

On average, analysts expect that RPM International will report full year sales of $5.57 billion for the current year, with estimates ranging from $5.55 billion to $5.58 billion. For the next financial year, analysts forecast that the company will report sales of $5.74 billion, with estimates ranging from $5.62 billion to $5.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for RPM International.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded General Finance from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. set a $60.00 price target on Bayerische Motoren Werke and gave the company a “sell” rating in a report on Monday, April 8th. TheStreet raised Voya Financial from a “c+” rating to a “b-” rating in a report on Friday, April 5th. Gabelli reissued a “buy” rating on shares of RPM International in a report on Monday, April 8th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Brookfield Asset Management in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $66.29.

Shares of NYSE RPM traded down $0.02 on Friday, hitting $62.44. The company had a trading volume of 839,300 shares, compared to its average volume of 684,277. RPM International has a 12-month low of $51.95 and a 12-month high of $68.13. The company has a 50 day moving average price of $60.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.81 and a quick ratio of 1.09. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 2.07 and a beta of 1.27.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Monday, July 15th. RPM International’s dividend payout ratio is currently 47.95%.

A number of institutional investors and hedge funds have recently modified their holdings of RPM. Tompkins Financial Corp grew its position in RPM International by 63.2% during the first quarter. Tompkins Financial Corp now owns 532 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 206 shares in the last quarter. Benedict Financial Advisors Inc. grew its holdings in shares of RPM International by 1.4% during the first quarter. Benedict Financial Advisors Inc. now owns 18,227 shares of the specialty chemicals company’s stock valued at $1,058,000 after buying an additional 251 shares during the last quarter. Private Capital Group LLC grew its holdings in shares of RPM International by 19.9% during the first quarter. Private Capital Group LLC now owns 1,565 shares of the specialty chemicals company’s stock valued at $91,000 after buying an additional 260 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of RPM International by 1.7% during the first quarter. Raymond James Trust N.A. now owns 15,803 shares of the specialty chemicals company’s stock valued at $917,000 after buying an additional 263 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of RPM International by 2.3% during the first quarter. BNP Paribas Arbitrage SA now owns 11,742 shares of the specialty chemicals company’s stock valued at $682,000 after buying an additional 268 shares during the last quarter. 76.79% of the stock is owned by hedge funds and other institutional investors.

About RPM International

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

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