RPM International (NYSE:RPM) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $3.00-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.87.
Several brokerages recently issued reports on RPM. TheStreet raised RPM International from a c+ rating to a b- rating in a research report on Tuesday, December 5th. Zacks Investment Research lowered RPM International from a hold rating to a sell rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a hold rating and issued a $51.00 price objective on shares of RPM International in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $57.33.
RPM International (NYSE:RPM) opened at $52.36 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.16 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $6,990.00, a PE ratio of 40.59, a PEG ratio of 2.38 and a beta of 1.53. RPM International has a 1-year low of $47.87 and a 1-year high of $56.69.
RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.26 billion. RPM International had a return on equity of 24.73% and a net margin of 3.67%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. sell-side analysts anticipate that RPM International will post 2.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, January 16th. RPM International’s dividend payout ratio is presently 99.22%.
In other news, insider Ronald A. Rice sold 44,839 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $51.83, for a total value of $2,324,005.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by corporate insiders.
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About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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