Analysts predict that RPM International Inc. (NYSE:RPM) will announce sales of $1.69 billion for the current quarter, according to Zacks. Three analysts have made estimates for RPM International’s earnings, with the highest sales estimate coming in at $1.73 billion and the lowest estimate coming in at $1.66 billion. RPM International reported sales of $1.46 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.8%. The firm is scheduled to report its next quarterly earnings report before the market opens on Monday, July 26th.
According to Zacks, analysts expect that RPM International will report full year sales of $6.05 billion for the current year, with estimates ranging from $6.02 billion to $6.09 billion. For the next year, analysts forecast that the business will report sales of $6.32 billion, with estimates ranging from $6.26 billion to $6.42 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for RPM International.
Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of RPM International from a “hold” rating to a “strong sell” rating and set a $80.00 target price on the stock. in a research report on Friday, June 4th. G.Research restated a “buy” rating on shares of RPM International in a research report on Thursday, April 8th. BMO Capital Markets decreased their target price on shares of RPM International from $113.00 to $108.00 and set an “outperform” rating on the stock in a research report on Friday, April 9th. JPMorgan Chase & Co. cut shares of RPM International from a “neutral” rating to an “underweight” rating and set a $90.00 target price on the stock. in a research report on Wednesday, June 23rd. Finally, Royal Bank of Canada upped their target price on shares of RPM International from $92.00 to $100.00 and gave the company a “sector perform” rating in a research report on Friday, May 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. RPM International presently has an average rating of “Hold” and an average target price of $95.67.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Investors of record on Thursday, July 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, July 14th. RPM International’s dividend payout ratio (DPR) is currently 49.51%.
A number of institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. raised its position in RPM International by 1.5% in the 2nd quarter. Raymond James Trust N.A. now owns 9,190 shares of the specialty chemicals company’s stock worth $815,000 after purchasing an additional 137 shares during the period. Manning & Napier Group LLC purchased a new position in shares of RPM International during the second quarter worth approximately $6,081,000. New Mexico Educational Retirement Board increased its position in shares of RPM International by 18.4% during the second quarter. New Mexico Educational Retirement Board now owns 27,000 shares of the specialty chemicals company’s stock worth $2,394,000 after acquiring an additional 4,200 shares during the period. Schroder Investment Management Group increased its position in shares of RPM International by 66.8% during the first quarter. Schroder Investment Management Group now owns 616,929 shares of the specialty chemicals company’s stock worth $56,665,000 after acquiring an additional 247,127 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in shares of RPM International during the first quarter worth approximately $706,000. 76.79% of the stock is currently owned by institutional investors.
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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