RPM International Inc. (NYSE:RPM) – Northcoast Research increased their FY2019 EPS estimates for shares of RPM International in a report released on Monday, April 8th. Northcoast Research analyst K. Hocevar now forecasts that the specialty chemicals company will post earnings per share of $2.56 for the year, up from their previous forecast of $2.50. Northcoast Research also issued estimates for RPM International’s Q4 2019 earnings at $1.14 EPS and FY2020 earnings at $3.40 EPS.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, April 4th. The specialty chemicals company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. RPM International had a return on equity of 21.39% and a net margin of 3.96%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share.

Several other analysts have also issued reports on RPM. Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Friday, December 14th. JPMorgan Chase & Co. lowered RPM International from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $60.00 to $55.00 in a research note on Monday, December 24th. They noted that the move was a valuation call. Vertical Research lowered RPM International from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. ValuEngine lowered RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $59.00 target price on shares of RPM International in a research note on Sunday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $66.57.

Shares of RPM opened at $60.72 on Wednesday. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.82 and a beta of 1.18. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 1.81. RPM International has a 1 year low of $47.53 and a 1 year high of $68.13.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.35 dividend. The ex-dividend date is Monday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.31%. RPM International’s payout ratio is presently 47.95%.

Institutional investors and hedge funds have recently modified their holdings of the business. We Are One Seven LLC raised its stake in shares of RPM International by 62.2% during the 1st quarter. We Are One Seven LLC now owns 4,272 shares of the specialty chemicals company’s stock valued at $247,000 after purchasing an additional 1,639 shares during the period. Geode Capital Management LLC raised its stake in shares of RPM International by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,283,241 shares of the specialty chemicals company’s stock valued at $75,428,000 after purchasing an additional 88,197 shares during the period. Norges Bank bought a new stake in shares of RPM International during the 4th quarter valued at $63,851,000. Amalgamated Bank raised its stake in shares of RPM International by 8.3% during the 4th quarter. Amalgamated Bank now owns 26,904 shares of the specialty chemicals company’s stock valued at $1,581,000 after purchasing an additional 2,067 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of RPM International during the 4th quarter valued at $1,885,000. Hedge funds and other institutional investors own 76.46% of the company’s stock.

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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