Wall Street brokerages expect RPM International Inc. (NYSE:RPM) to announce earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for RPM International’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.70. RPM International reported earnings per share of $0.70 during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The company is expected to issue its next earnings results before the market opens on Friday, January 4th.

According to Zacks, analysts expect that RPM International will report full-year earnings of $2.96 per share for the current year, with EPS estimates ranging from $2.81 to $3.02. For the next financial year, analysts forecast that the firm will report earnings of $3.61 per share, with EPS estimates ranging from $3.36 to $3.94. Zacks’ EPS averages are a mean average based on a survey of analysts that follow RPM International.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 3rd. The specialty chemicals company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.10). RPM International had a return on equity of 22.77% and a net margin of 5.36%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business posted $0.86 earnings per share. RPM International’s revenue for the quarter was up 8.5% on a year-over-year basis.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of RPM International from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Royal Bank of Canada increased their target price on shares of RPM International to $66.00 and gave the stock a “market perform” rating in a research note on Friday, November 30th. Seaport Global Securities reissued a “hold” rating and issued a $71.00 price objective on shares of RPM International in a research note on Monday, December 3rd. Bank of America reissued a “buy” rating and issued a $75.00 price objective (up previously from $70.00) on shares of RPM International in a research note on Thursday, November 29th. Finally, Morgan Stanley reissued a “buy” rating on shares of RPM International in a research note on Monday, October 8th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.25.

In other RPM International news, Director John M. Ballbach acquired 3,360 shares of the stock in a transaction dated Monday, October 15th. The stock was acquired at an average price of $59.53 per share, with a total value of $200,020.80. Following the completion of the purchase, the director now owns 13,260 shares in the company, valued at approximately $789,367.80. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kirkland B. Andrews acquired 2,000 shares of the stock in a transaction dated Friday, October 5th. The stock was acquired at an average cost of $60.21 per share, with a total value of $120,420.00. Following the purchase, the director now owns 3,800 shares of the company’s stock, valued at approximately $228,798. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Management Inc. purchased a new position in shares of RPM International in the third quarter valued at approximately $405,000. Luminus Management LLC lifted its stake in RPM International by 30.7% in the third quarter. Luminus Management LLC now owns 130,737 shares of the specialty chemicals company’s stock worth $8,490,000 after acquiring an additional 30,737 shares during the last quarter. Paloma Partners Management Co purchased a new position in RPM International in the third quarter worth approximately $214,000. Riverhead Capital Management LLC lifted its stake in RPM International by 26.1% in the third quarter. Riverhead Capital Management LLC now owns 13,528 shares of the specialty chemicals company’s stock worth $879,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in RPM International by 2.3% in the third quarter. Baird Financial Group Inc. now owns 106,142 shares of the specialty chemicals company’s stock worth $6,839,000 after acquiring an additional 2,417 shares during the last quarter. 75.01% of the stock is owned by institutional investors and hedge funds.

RPM International stock opened at $60.44 on Friday. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 1.41. The stock has a market cap of $8.02 billion, a P/E ratio of 20.70, a PEG ratio of 1.75 and a beta of 1.36. RPM International has a 12-month low of $46.36 and a 12-month high of $68.13.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment 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; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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Earnings History and Estimates for RPM International (NYSE:RPM)

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