RPM International Inc. (RPM) Releases FY18 Earnings Guidance

RPM International Inc. (NYSE:RPM) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $2.85-2.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.01. RPM International also updated its Q1 guidance to $0.83-0.85 EPS.

RPM International Inc. (NYSE:RPM) traded down 0.78% during mid-day trading on Friday, hitting $48.44. The stock had a trading volume of 1,709,363 shares. The firm has a market cap of $6.47 billion, a PE ratio of 35.49 and a beta of 1.54. The company’s 50 day moving average price is $52.66 and its 200 day moving average price is $53.30. RPM International Inc. has a 52 week low of $46.25 and a 52 week high of $56.48.

RPM International (NYSE:RPM) last released its quarterly earnings data on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.17 by $0.15. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $1.13 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that RPM International Inc. will post $2.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, July 13th. RPM International’s dividend payout ratio (DPR) is currently 90.91%.

RPM has been the subject of a number of research analyst reports. Seaport Global Securities upgraded RPM International from a neutral rating to a buy rating and raised their target price for the company from $55.00 to $60.00 in a research note on Tuesday, May 16th. Zacks Investment Research cut RPM International from a hold rating to a sell rating in a research note on Thursday, June 22nd. BidaskClub lowered RPM International from a buy rating to a hold rating in a report on Saturday, June 24th. Finally, Bank of America Corporation cut their price objective on RPM International from $58.00 to $56.00 and set a neutral rating for the company in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. RPM International currently has an average rating of Hold and a consensus target price of $58.00.

In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $52.04, for a total transaction of $549,958.72. Following the sale, the senior vice president now directly owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.20% 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).

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

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