RPM International Inc. (RPM) Scheduled to Post Earnings on Wednesday
RPM International Inc. (NYSE:RPM) is scheduled to be announcing its quarterly earnings results before the market opens on Wednesday, October 4th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. RPM International has set its Q1 guidance at $0.83-0.85 EPS and its FY18 guidance at $2.85-2.95 EPS.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.15). RPM International had a net margin of 3.67% and a return on equity of 25.02%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $1.13 earnings per share. RPM International’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts expect RPM International to post $2.88 EPS for the current fiscal year and $3.19 EPS for the next fiscal year.
Shares of RPM International Inc. (NYSE RPM) opened at 51.34 on Monday. RPM International Inc. has a 52 week low of $46.25 and a 52 week high of $56.48. The company has a market capitalization of $6.86 billion, a PE ratio of 37.61 and a beta of 1.55. The company’s 50 day moving average is $49.55 and its 200-day moving average is $52.74.
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Several equities analysts recently weighed in on RPM shares. Robert W. Baird restated a “hold” rating and issued a $56.00 price objective on shares of RPM International in a report on Friday, September 1st. Zacks Investment Research lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub lowered shares of RPM International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Wellington Shields raised shares of RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $49.00 target price on shares of RPM International in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.71.
In related news, SVP Edward W. Moore sold 10,568 shares of RPM International stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $52.04, for a total transaction of $549,958.72. Following the transaction, the senior vice president now owns 92,549 shares of the company’s stock, valued at approximately $4,816,249.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.
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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