RPM International Inc. (RPM) Expected to Earn Q2 2018 Earnings of $0.65 Per Share

RPM International Inc. (NYSE:RPM) – Equities research analysts at Seaport Global Securities cut their Q2 2018 earnings estimates for RPM International in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the specialty chemicals company will earn $0.65 per share for the quarter, down from their previous forecast of $0.67. Seaport Global Securities has a “Buy” rating and a $60.00 price target on the stock. Seaport Global Securities also issued estimates for RPM International’s Q4 2018 earnings at $1.23 EPS.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, April 6th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.02. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. RPM International had a net margin of 4.22% and a return on equity of 26.36%. RPM International’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS.

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

RPM has been the subject of a number of other research reports. Zacks Investment Research raised RPM International from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Wednesday, June 7th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $49.00 target price on shares of RPM International in a report on Tuesday, June 13th. Finally, TheStreet raised RPM International from a “c+” rating to a “b-” rating in a report on Thursday, March 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $58.40.

RPM International (NYSE RPM) traded down 0.654% during trading on Tuesday, reaching $55.435. The company had a trading volume of 112,942 shares. The firm’s 50 day moving average price is $53.97 and its 200 day moving average price is $53.41. RPM International has a 12-month low of $46.25 and a 12-month high of $56.48. The firm has a market capitalization of $7.40 billion, a PE ratio of 35.490 and a beta of 1.53.

Several large investors have recently modified their holdings of RPM. Advisory Services Network LLC bought a new stake in shares of RPM International during the first quarter valued at $116,000. Cantab Capital Partners LLP boosted its stake in shares of RPM International by 82.3% in the fourth quarter. Cantab Capital Partners LLP now owns 2,264 shares of the specialty chemicals company’s stock valued at $122,000 after buying an additional 1,022 shares during the last quarter. Flinton Capital Management LLC bought a new stake in shares of RPM International during the fourth quarter valued at $233,000. Timber Hill LLC bought a new stake in shares of RPM International during the first quarter valued at $234,000. Finally, DF Dent & Co. Inc. boosted its stake in shares of RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 285 shares during the last quarter. 72.94% of the stock is owned by institutional investors.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RPM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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