Q2 2018 EPS Estimates for RPM International Inc. (RPM) Lowered by Northcoast Research
RPM International Inc. (NYSE:RPM) – Equities research analysts at Northcoast Research dropped their Q2 2018 earnings per share (EPS) estimates for shares of RPM International in a research report issued on Monday. Northcoast Research analyst K. Hocevar now forecasts that the specialty chemicals company will post earnings per share of $0.59 for the quarter, down from their prior estimate of $0.65. Northcoast Research also issued estimates for RPM International’s Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $2.85 EPS and FY2019 earnings at $3.10 EPS.
Other equities research analysts also recently issued research reports about the stock. Wellington Shields raised shares of RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th. BidaskClub raised shares of RPM International from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. TheStreet downgraded shares of RPM International from a “b” rating to a “c+” rating in a report on Wednesday, October 4th. Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $56.00 price objective on shares of RPM International in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.00.
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Shares of RPM International (NYSE RPM) traded up 0.39% during mid-day trading on Tuesday, hitting $51.71. 354,823 shares of the company traded hands. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 37.88 and a beta of 1.55. RPM International has a 52-week low of $46.25 and a 52-week high of $56.48. The firm has a 50-day moving average price of $50.31 and a 200 day moving average price of $52.40.
RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.48%. This is an increase from RPM International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, October 13th. RPM International’s dividend payout ratio is presently 88.89%.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the sale, the senior vice president now directly owns 92,549 shares of the company’s stock, valued at approximately $4,816,249.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of RPM. State Street Corp lifted its holdings in RPM International by 4.1% in the 1st quarter. State Street Corp now owns 6,533,969 shares of the specialty chemicals company’s stock valued at $359,572,000 after acquiring an additional 257,980 shares during the last quarter. North Point Portfolio Managers Corp OH acquired a new stake in RPM International in the 2nd quarter valued at about $10,821,000. BTIM Corp. acquired a new stake in RPM International in the 2nd quarter valued at about $8,197,000. Cramer Rosenthal Mcglynn LLC lifted its holdings in RPM International by 28.9% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 667,874 shares of the specialty chemicals company’s stock valued at $36,433,000 after acquiring an additional 149,861 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in RPM International by 17.6% in the 2nd quarter. GW&K Investment Management LLC now owns 887,994 shares of the specialty chemicals company’s stock valued at $48,440,000 after acquiring an additional 133,104 shares during the last quarter. 73.49% of the stock is owned by institutional investors.
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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