RPM International (NYSE:RPM) posted its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09, MarketWatch Earnings reports. RPM International had a net margin of 7.50% and a return on equity of 35.72%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year.
Shares of RPM stock traded up $1.20 on Thursday, hitting $91.41. The company’s stock had a trading volume of 8,427 shares, compared to its average volume of 631,194. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.43 and a current ratio of 2.17. The stock’s 50 day moving average is $87.06 and its 200-day moving average is $87.14. RPM International has a fifty-two week low of $61.22 and a fifty-two week high of $98.35. The company has a market capitalization of $11.89 billion, a PE ratio of 27.34, a PEG ratio of 1.33 and a beta of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Thursday, April 15th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, April 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.66%. RPM International’s dividend payout ratio (DPR) is presently 49.51%.
In other RPM International news, CFO Russell L. Gordon sold 9,668 shares of the stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $84.89, for a total transaction of $820,716.52. Following the sale, the chief financial officer now directly owns 103,997 shares in the company, valued at $8,828,305.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Edward W. Moore sold 8,811 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
Several analysts have issued reports on the stock. Morgan Stanley lowered shares of RPM International from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 14th. Zacks Investment Research lowered shares of RPM International from a “buy” rating to a “hold” rating and set a $92.00 price objective on the stock. in a research report on Thursday, January 7th. BMO Capital Markets increased their price objective 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. Royal Bank of Canada lowered shares of RPM International from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $102.00 to $98.00 in a research report on Friday, January 8th. Finally, Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Thursday, March 4th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average 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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