RPM International Inc. (RPM) Releases Earnings Results, Beats Estimates By $0.02 EPS
RPM International Inc. (NYSE:RPM) issued its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02, MarketWatch Earnings reports. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $0.83 EPS. The company’s revenue was up 7.5% on a year-over-year basis. RPM International updated its FY18 guidance to $2.85-2.95 EPS.
Shares of RPM International (RPM) opened at 51.54 on Thursday. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 37.76 and a beta of 1.55. RPM International has a 12 month low of $46.25 and a 12 month high of $56.48. The company’s 50-day moving average is $49.92 and its 200-day moving average is $52.51.
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 shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the sale, the senior vice president now directly owns 92,549 shares in the company, 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 the SEC website. 2.10% of the stock is owned by insiders.
RPM has been the subject of a number of recent research reports. BidaskClub cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Bank of America Corporation dropped their price objective on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “hold” rating and set a $49.00 price objective on shares of RPM International in a research note on Tuesday, June 13th. Finally, Wellington Shields raised shares of RPM International from a “hold” rating to an “accumulate” rating in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. RPM International has an average rating of “Hold” and an average price target of $57.00.
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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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