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%.
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.
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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