RPM International Inc. (NYSE:RPM) – Equities research analysts at Seaport Global Securities decreased their Q2 2017 earnings estimates for shares of RPM International in a research note issued on Monday. Seaport Global Securities analyst M. Harrison now forecasts that the firm will post earnings of $0.64 per share for the quarter, down from their previous estimate of $0.67. Seaport Global Securities has a “Neutral” rating and a $57.00 price objective on the stock. Seaport Global Securities also issued estimates for RPM International’s Q3 2017 earnings at $0.16 EPS, Q4 2017 earnings at $1.15 EPS, Q1 2018 earnings at $0.90 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $1.24 EPS and FY2018 earnings at $3.13 EPS.
RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 5th. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The business earned $1.25 billion during the quarter. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS.
Several other research firms also recently commented on RPM. JPMorgan Chase & Co. restated a “hold” rating on shares of RPM International in a research report on Monday, July 18th. Wells Fargo & Co. restated a “buy” rating on shares of RPM International in a research report on Wednesday, October 5th. Morgan Stanley restated a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. Wellington Shields downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $58.50.
Shares of RPM International (NYSE:RPM) traded up 0.17% during mid-day trading on Wednesday, hitting $47.87. The stock had a trading volume of 113,175 shares. RPM International has a 12-month low of $36.78 and a 12-month high of $55.92. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 17.56 and a beta of 1.38. The firm’s 50-day moving average price is $52.50 and its 200 day moving average price is $51.36.
Several large investors have recently added to or reduced their stakes in RPM. IFP Advisors Inc boosted its stake in RPM International by 0.5% in the second quarter. IFP Advisors Inc now owns 5,715 shares of the company’s stock valued at $285,000 after buying an additional 29 shares during the period. Carnick & Kubik LLC boosted its stake in RPM International by 0.7% in the first quarter. Carnick & Kubik LLC now owns 6,872 shares of the company’s stock valued at $325,000 after buying an additional 50 shares during the period. Benedict Financial Advisors Inc. boosted its stake in RPM International by 0.5% in the second quarter. Benedict Financial Advisors Inc. now owns 11,157 shares of the company’s stock valued at $561,000 after buying an additional 61 shares during the period. Alley Co LLC boosted its stake in RPM International by 1.2% in the second quarter. Alley Co LLC now owns 47,236 shares of the company’s stock valued at $2,359,000 after buying an additional 546 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in RPM International by 3.4% in the second quarter. Capstone Asset Management Co. now owns 16,508 shares of the company’s stock valued at $825,000 after buying an additional 550 shares during the period. 72.08% of the stock is owned by institutional investors.
In other news, VP Barry Slifstein sold 1,000 shares of RPM International stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $54.27, for a total value of $54,270.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew T. Ratajczak sold 4,152 shares of RPM International stock in a transaction on Monday, August 1st. The shares were sold at an average price of $54.04, for a total value of $224,374.08. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.51%. This is a boost from RPM International’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, October 13th. RPM International’s dividend payout ratio (DPR) is currently 40.44%.
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. The Company operates through two segments, which include industrial segment and consumer segment.
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