RPM International (NYSE:RPM) posted its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.09, MarketWatch Earnings reports. RPM International had a return on equity of 35.72% and a net margin of 7.50%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. RPM International’s quarterly revenue was up 8.1% compared to the same quarter last year.
Shares of RPM International stock opened at $90.21 on Thursday. RPM International has a fifty-two week low of $61.22 and a fifty-two week high of $98.35. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.43 and a current ratio of 2.17. The company has a market capitalization of $11.74 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a fifty day moving average of $87.06 and a 200 day moving average of $87.14.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Thursday, April 15th will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, April 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.68%. RPM International’s payout ratio is 49.51%.
Several research analysts have issued reports on the stock. Morgan Stanley cut shares of RPM International from an “overweight” rating to an “equal weight” rating in a report on Monday, December 14th. Royal Bank of Canada downgraded RPM International from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $102.00 to $98.00 in a research note on Friday, January 8th. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Thursday, March 4th. BMO Capital Markets boosted their target price on shares of RPM International from $109.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, January 7th. Finally, Zacks Investment Research cut RPM International from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a research report on Thursday, January 7th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. RPM International presently has an average rating of “Hold” and a consensus price target of $93.50.
In other RPM International news, SVP Edward W. Moore sold 8,811 shares of RPM International stock in a transaction on Friday, January 8th. The shares were sold at an average price of $86.68, for a total value of $763,737.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Russell L. Gordon sold 9,668 shares of the stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $84.89, for a total transaction of $820,716.52. Following the transaction, the chief financial officer now directly owns 103,997 shares of the company’s stock, valued at approximately $8,828,305.33. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
RPM International Company Profile
RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Industrial, Consumer, and Specialty. The Industrial segment is the maintenance and protection products for roofing and waterproofing systems, flooring, passive fire protection, corrosion control, high-performance sealing and bonding solutions, infrastructure rehabilitation and repair, and other construction chemicals.
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