RPM International Inc. (RPM) Expected to Announce Quarterly Sales of $1.40 Billion

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Equities analysts predict that RPM International Inc. (NYSE:RPM) will announce $1.40 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for RPM International’s earnings, with the lowest sales estimate coming in at $1.39 billion and the highest estimate coming in at $1.40 billion. RPM International reported sales of $1.32 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The business is scheduled to announce its next earnings report on Thursday, January 3rd.

On average, analysts expect that RPM International will report full year sales of $5.62 billion for the current financial year, with estimates ranging from $5.58 billion to $5.66 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.83 billion, with estimates ranging from $5.76 billion to $5.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover RPM International.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 3rd. The specialty chemicals company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.10). RPM International had a net margin of 6.35% and a return on equity of 23.82%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. RPM International’s revenue was up 8.5% on a year-over-year basis.

RPM has been the topic of several research reports. Bank of America raised RPM International from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Wednesday, July 18th. JPMorgan Chase & Co. raised RPM International from an “underweight” rating to a “neutral” rating in a report on Monday, July 2nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $60.00 target price on shares of RPM International in a report on Thursday, October 4th. Seaport Global Securities reaffirmed a “hold” rating and issued a $66.00 target price on shares of RPM International in a report on Thursday, July 26th. Finally, Vertical Research cut RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Shares of RPM stock traded up $0.05 during trading hours on Monday, hitting $59.06. The stock had a trading volume of 1,778,729 shares, compared to its average volume of 1,203,215. RPM International has a one year low of $46.36 and a one year high of $68.13. The company has a current ratio of 2.45, a quick ratio of 1.63 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 16th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.37%. This is a boost from RPM International’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, October 15th. RPM International’s payout ratio is 43.84%.

In other RPM International news, SVP Edward W. Moore sold 4,168 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $61.91, for a total transaction of $258,040.88. Following the sale, the senior vice president now directly owns 48,931 shares of the company’s stock, valued at $3,029,318.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Ballbach acquired 8,100 shares of RPM International stock in a transaction on Monday, July 23rd. The shares were bought at an average cost of $62.12 per share, for a total transaction of $503,172.00. Following the completion of the purchase, the director now directly owns 8,100 shares of the company’s stock, valued at $503,172. The disclosure for this purchase can be found here. Insiders bought 15,100 shares of company stock worth $943,892 over the last ninety days. Insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of RPM. Diamond Hill Capital Management Inc. bought a new position in shares of RPM International during the second quarter valued at approximately $63,300,000. River Road Asset Management LLC bought a new position in shares of RPM International during the second quarter valued at approximately $47,317,000. MUFG Securities EMEA plc grew its stake in shares of RPM International by 102.2% during the second quarter. MUFG Securities EMEA plc now owns 455,000 shares of the specialty chemicals company’s stock valued at $26,536,000 after buying an additional 230,000 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of RPM International by 3,433.9% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 196,129 shares of the specialty chemicals company’s stock valued at $11,438,000 after buying an additional 190,579 shares during the last quarter. Finally, Luminus Management LLC bought a new position in shares of RPM International during the second quarter valued at approximately $5,832,000. 79.99% of the stock is currently owned by institutional investors.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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