Analysts expect RPM International Inc. (NYSE:RPM) to report $1.68 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for RPM International’s earnings, with the highest sales estimate coming in at $1.72 billion and the lowest estimate coming in at $1.66 billion. RPM International posted sales of $1.46 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.1%. The company is expected to report its next quarterly earnings results on Monday, July 26th.
On average, analysts expect that RPM International will report full year sales of $6.04 billion for the current year, with estimates ranging from $5.99 billion to $6.08 billion. For the next financial year, analysts anticipate that the company will report sales of $6.33 billion, with estimates ranging from $6.29 billion to $6.42 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow RPM International.
RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, April 6th. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. 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 the consensus estimate of $1.21 billion. During the same period in the prior year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis.
NYSE:RPM traded down $0.39 during mid-day trading on Friday, hitting $93.08. 714,877 shares of the company’s stock were exchanged, compared to its average volume of 632,467. The company has a 50 day simple moving average of $88.49 and a 200-day simple moving average of $87.62. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 1.43. RPM International has a fifty-two week low of $62.39 and a fifty-two week high of $98.35. The firm has a market capitalization of $12.05 billion, a P/E ratio of 28.34, a PEG ratio of 1.33 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Thursday, April 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, April 14th. RPM International’s dividend payout ratio (DPR) is currently 49.51%.
In related news, CFO Russell L. Gordon sold 9,668 shares of RPM International stock in a transaction on 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 owns 103,997 shares in the company, valued at $8,828,305.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Gross sold 10,900 shares of RPM International stock in a transaction on Monday, April 12th. The shares were sold at an average price of $91.92, for a total value of $1,001,928.00. Following the completion of the transaction, the director now owns 6,903 shares in the company, valued at approximately $634,523.76. The disclosure for this sale can be found here. Insiders sold a total of 22,455 shares of company stock worth $1,993,588 in the last quarter. Company insiders own 1.60% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in shares of RPM International by 65.2% during the fourth quarter. IFP Advisors Inc now owns 304 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 120 shares during the period. Parallel Advisors LLC increased its holdings in shares of RPM International by 13.8% in the fourth quarter. Parallel Advisors LLC now owns 1,064 shares of the specialty chemicals company’s stock valued at $97,000 after buying an additional 129 shares in the last quarter. Park National Corp OH increased its holdings in shares of RPM International by 2.4% in the first quarter. Park National Corp OH now owns 6,925 shares of the specialty chemicals company’s stock valued at $636,000 after buying an additional 162 shares in the last quarter. Rockland Trust Co. grew its holdings in shares of RPM International by 3.7% during the 4th quarter. Rockland Trust Co. now owns 6,376 shares of the specialty chemicals company’s stock valued at $579,000 after acquiring an additional 226 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of RPM International by 28.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,176 shares of the specialty chemicals company’s stock valued at $107,000 after acquiring an additional 263 shares in the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.
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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