RPM International (NYSE:RPM) Issues Quarterly 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. RPM International had a return on equity of 33.83% and a net margin of 6.72%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year.

Shares of RPM traded up $0.99 during midday trading on Thursday, hitting $88.29. 10,121 shares of the company traded hands, compared to its average volume of 848,312. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.53 and a current ratio of 2.25. RPM International has a 52 week low of $42.85 and a 52 week high of $98.35. The firm has a 50 day moving average of $88.58 and a 200-day moving average of $84.36. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.57 and a beta of 1.12.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Friday, January 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, January 14th. RPM International’s dividend payout ratio is currently 49.51%.

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 shares were sold at an average price of $87.89, for a total transaction of $6,030,484.46. Following the transaction, the chief executive officer now directly owns 1,161,892 shares of the company’s stock, valued at $102,118,687.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Several analysts have recently commented on the company. BMO Capital Markets increased their target price on RPM International from $109.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Friday, October 9th. Morgan Stanley lowered shares of RPM International from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 14th. Bank of America upped their price target on shares of RPM International from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Finally, Royal Bank of Canada increased their price objective on RPM International from $93.00 to $102.00 in a report on Thursday, October 8th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. RPM International has a consensus rating of “Buy” and an average target price of $92.00.

RPM International Company Profile

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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