RPM International (NYSE:RPM) Announces Earnings Results, Beats Expectations By $0.06 EPS

RPM International (NYSE:RPM) issued its quarterly earnings results on Tuesday. The specialty chemicals company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.06, MarketWatch Earnings reports. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.45 billion. RPM International had a return on equity of 33.83% and a net margin of 6.72%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share.

Shares of NYSE RPM traded up $1.10 during mid-day trading on Thursday, reaching $88.40. 11,495 shares of the company’s stock were exchanged, compared to its average volume of 848,312. The company has a current ratio of 2.25, a quick ratio of 1.53 and a debt-to-equity ratio of 1.58. RPM International has a twelve month low of $42.85 and a twelve month high of $98.35. The business has a fifty day simple moving average of $88.58 and a 200 day simple moving average of $84.36. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.57 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, January 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.72%. RPM International’s dividend payout ratio (DPR) is presently 49.51%.

Several equities research analysts have recently issued reports on RPM shares. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Friday, October 9th. BMO Capital Markets increased their target price on shares of RPM International from $109.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI initiated coverage on shares of RPM International in a report on Tuesday, September 22nd. They set an “inline” rating and a $90.00 target price on the stock. Morgan Stanley downgraded shares of RPM International from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 14th. Finally, Royal Bank of Canada boosted their price target on RPM International from $93.00 to $102.00 in a research note on Thursday, October 8th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $92.00.

In other news, CEO Frank C. Sullivan sold 68,614 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $87.89, for a total value of $6,030,484.46. Following the transaction, the chief executive officer now owns 1,161,892 shares in the company, valued at $102,118,687.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It 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; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers and sealants, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; and insulated building cladding materials and concrete form wall systems.

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Earnings History for RPM International (NYSE:RPM)

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