RPM International (RPM) Receiving Somewhat Positive Press Coverage, Study Shows
Media stories about RPM International (NYSE:RPM) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. RPM International earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the specialty chemicals company an impact score of 48.5495684925212 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- RPM International Inc. (RPM) Forecasted to Earn Q2 2018 Earnings of $0.58 Per Share (americanbankingnews.com)
- Bragar Eagel & Squire, P.C. is Investigating RPM International Inc. (RPM) on Behalf of Stockholders and Encourages Investors to Contact the Firm (businesswire.com)
- Why RPM International Inc. (NYSE: RPM) stock is falling (fxdailyreport.com)
- RPM: 44 Years Of Dividend Increases… An Income Idea (seekingalpha.com)
- RPM Reports Record Results for Fiscal 2018 First Quarter (finance.yahoo.com)
Shares of RPM International (RPM) opened at 51.63 on Friday. The company has a 50-day moving average of $50.07 and a 200 day moving average of $52.48. The stock has a market cap of $6.90 billion, a PE ratio of 37.82 and a beta of 1.55. RPM International has a one year low of $46.25 and a one year high of $56.48.
RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. RPM International’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, analysts predict that RPM International will post $2.87 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, October 13th. This is an increase from RPM International’s previous quarterly dividend of $0.30. RPM International’s payout ratio is currently 88.89%.
RPM has been the topic of a number of recent analyst reports. TheStreet cut shares of RPM International from a “b” rating to a “c+” rating in a report on Wednesday. BidaskClub cut shares of RPM International from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. Bank of America Corporation cut their price target on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $49.00 price target on shares of RPM International in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. RPM International has a consensus rating of “Hold” and an average price target of $57.00.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the business’s 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 sale, 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 SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.
RPM International Company Profile
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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