RPM International (NYSE:RPM) Issues Earnings Results, Beats Estimates By $0.09 EPS

RPM International (NYSE:RPM) issued its quarterly earnings data on Tuesday. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09, MarketWatch Earnings reports. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.21 billion. RPM International had a net margin of 7.50% and a return on equity of 35.72%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS.

Shares of NYSE RPM opened at $90.21 on Thursday. RPM International has a 12 month low of $61.22 and a 12 month high of $98.35. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.33 and a beta of 1.01. The business has a 50-day moving average of $87.06 and a 200-day moving average of $87.14.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Thursday, April 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 14th. RPM International’s payout ratio is presently 49.51%.

In other news, SVP Edward W. Moore sold 8,811 shares of the business’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $86.68, for a total transaction of $763,737.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Russell L. Gordon sold 9,668 shares of the business’s stock in a transaction dated Wednesday, January 27th. The stock was sold at an average price of $84.89, for a total value of $820,716.52. Following the transaction, the chief financial officer now directly owns 103,997 shares of the company’s stock, valued at approximately $8,828,305.33. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

A number of analysts have weighed in on RPM shares. Royal Bank of Canada downgraded shares of RPM International from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $102.00 to $98.00 in a research report on Friday, January 8th. Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Thursday, March 4th. Zacks Investment Research downgraded shares of RPM International from a “buy” rating to a “hold” rating and set a $92.00 target price for the company. in a research report on Thursday, January 7th. BMO Capital Markets increased their target price on shares of RPM International from $109.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, January 7th. Finally, Morgan Stanley downgraded shares of RPM International from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 14th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $93.50.

About RPM International

RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Industrial, Consumer, and Specialty. The Industrial segment is the maintenance and protection products for roofing and waterproofing systems, flooring, passive fire protection, corrosion control, high-performance sealing and bonding solutions, infrastructure rehabilitation and repair, and other construction chemicals.

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Earnings History for RPM International (NYSE:RPM)

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