RPM International (RPM) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

RPM International (NYSE:RPM) posted its earnings results on Thursday. The specialty chemicals company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11, RTT News reports. RPM International had a return on equity of 24.73% and a net margin of 3.67%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. RPM International updated its FY18 guidance to $3.00-3.10 EPS.

RPM International (NYSE RPM) opened at $52.36 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.16 and a quick ratio of 1.38. RPM International has a 12-month low of $47.87 and a 12-month high of $56.69. The stock has a market capitalization of $7,140.22, a P/E ratio of 38.79, a P/E/G ratio of 2.38 and a beta of 1.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.44%. RPM International’s dividend payout ratio is presently 94.82%.

In other RPM International news, insider Ronald A. Rice sold 44,839 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $51.83, for a total value of $2,324,005.37. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on the company. TheStreet lowered RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, October 4th. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $51.00 price objective on shares of RPM International in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.33.

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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).

Earnings History for RPM International (NYSE:RPM)

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