RPM International (RPM) Issues Earnings Results, Misses Estimates By $0.15 EPS

RPM International (NYSE:RPM) released its quarterly earnings data on Friday. The specialty chemicals company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.15), MarketWatch Earnings reports. RPM International had a return on equity of 22.77% and a net margin of 5.36%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. RPM International updated its Q3 2019 guidance to $0.10-0.12 EPS.

Shares of RPM traded down $1.20 during mid-day trading on Friday, hitting $53.68. The company’s stock had a trading volume of 8,418 shares, compared to its average volume of 1,640,318. RPM International has a one year low of $46.36 and a one year high of $68.13. The company has a current ratio of 2.77, a quick ratio of 1.80 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.70 and a beta of 1.33.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 16th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, January 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.61%. RPM International’s payout ratio is currently 47.95%.

A number of equities research analysts have issued reports on RPM shares. Zacks Investment Research raised RPM International from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Royal Bank of Canada reaffirmed a “hold” rating and set a $60.00 target price on shares of RPM International in a research report on Thursday, October 4th. Seaport Global Securities reaffirmed a “hold” rating and set a $71.00 target price on shares of RPM International in a research report on Monday, December 3rd. BMO Capital Markets decreased their target price on RPM International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, October 8th. Finally, Bank of America reaffirmed a “buy” rating and set a $75.00 target price (up previously from $70.00) on shares of RPM International in a research report on Thursday, November 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $66.25.

In other RPM International news, Director John M. Ballbach acquired 3,360 shares of RPM International stock in a transaction dated Monday, October 15th. The stock was bought at an average cost of $59.53 per share, with a total value of $200,020.80. Following the completion of the transaction, the director now owns 13,260 shares of the company’s stock, valued at $789,367.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

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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 for RPM International (NYSE:RPM)

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