RPM International (NYSE:RPM) Announces Quarterly Earnings Results

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RPM International (NYSE:RPM) released its quarterly earnings data on Tuesday. The specialty chemicals company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.06, MarketWatch Earnings reports. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.45 billion. RPM International had a return on equity of 33.83% and a net margin of 6.72%. RPM International’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share.

NYSE RPM traded up $0.91 during mid-day trading on Thursday, reaching $88.21. 10,337 shares of the company’s stock traded hands, compared to its average volume of 848,312. RPM International has a 1-year low of $42.85 and a 1-year high of $98.35. The company has a fifty day simple moving average of $88.58 and a 200-day simple moving average of $84.36. The company has a current ratio of 2.25, a quick ratio of 1.53 and a debt-to-equity ratio of 1.58. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 1.57 and a beta of 1.12.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, January 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.72%. RPM International’s dividend payout ratio (DPR) is presently 49.51%.

In other RPM International news, CEO Frank C. Sullivan sold 68,614 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $87.89, for a total transaction of $6,030,484.46. Following the completion of the sale, the chief executive officer now owns 1,161,892 shares in the company, valued at approximately $102,118,687.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Several research analysts have issued reports on the company. Bank of America increased their price objective on RPM International from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. BMO Capital Markets increased their price objective on RPM International from $109.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada increased their price objective on RPM International from $93.00 to $102.00 in a research report on Thursday, October 8th. Morgan Stanley lowered RPM International from an “overweight” rating to an “equal weight” rating in a report on Monday, December 14th. Finally, Zacks Investment Research raised RPM International from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Friday, October 9th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $92.00.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It 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; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers and sealants, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; and insulated building cladding materials and concrete form wall systems.

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Earnings History for RPM International (NYSE:RPM)

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