RPM International (NYSE:RPM) Getting Somewhat Positive Media Coverage, Study Finds
Headlines about RPM International (NYSE:RPM) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. RPM International earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the specialty chemicals company an impact score of 46.6772674153198 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Head to Head Contrast: Axalta Coating Systems (AXTA) & RPM International (RPM) (americanbankingnews.com)
- Global Optical Brighteners Market 2017 Industry Application, Product Research, Price Analysis and Status (mynewsdesk.com)
- Timessquare Capital Management, LLC Bought A Lot More RPM International Inc. (RPM) Stock In The Last Quarter (highlightpress.com)
- $0.84 EPS Expected for RPM International Inc. (NYSE:RPM) This Quarter (americanbankingnews.com)
- Norges Bank Marginally Raises Its Investment in RPM International Inc. (RPM) Stock Last Quarter – First News 24 (firstnewspaper24.com)
RPM International (NYSE RPM) traded up 0.35% on Friday, hitting $48.79. The stock had a trading volume of 866,646 shares. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 35.74 and a beta of 1.54. RPM International has a 1-year low of $46.25 and a 1-year high of $56.48. The company has a 50-day moving average price of $53.25 and a 200-day moving average price of $53.41.
RPM International (NYSE:RPM) last released its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. Equities analysts predict that RPM International will post $2.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were given a $0.30 dividend. The ex-dividend date was Thursday, July 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. RPM International’s payout ratio is 90.91%.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Saturday, May 20th. BidaskClub cut shares of RPM International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $49.00 target price on shares of RPM International in a report on Tuesday, June 13th. Bank of America Corporation dropped their target price on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. Finally, Seaport Global Securities raised shares of RPM International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $60.00 in a report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $58.00.
In related news, SVP Edward W. Moore sold 10,568 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was 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 owns 92,549 shares in the company, valued at approximately $4,816,249.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.
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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