RPM International (RPM) Scheduled to Post Quarterly Earnings on Thursday

RPM International (NYSE:RPMGet Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, April 4th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. RPM International has set its Q3 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

RPM International (NYSE:RPMGet Free Report) last issued its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.01). RPM International had a return on equity of 26.71% and a net margin of 7.15%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect RPM International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

RPM International Trading Down 1.2 %

Shares of RPM stock opened at $116.87 on Wednesday. RPM International has a 52-week low of $78.52 and a 52-week high of $120.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.45 and a current ratio of 2.33. The company has a 50-day simple moving average of $112.82 and a two-hundred day simple moving average of $105.56. The company has a market capitalization of $15.06 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.81 and a beta of 1.04.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Thursday, April 18th. RPM International’s payout ratio is 45.10%.

Insider Activity at RPM International

In related news, Director Frederick R. Nance sold 1,835 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total transaction of $200,106.75. Following the sale, the director now directly owns 8,180 shares in the company, valued at approximately $892,029. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares in the company, valued at approximately $2,570,933.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick R. Nance sold 1,835 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total transaction of $200,106.75. Following the completion of the sale, the director now owns 8,180 shares in the company, valued at $892,029. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,215 shares of company stock worth $1,112,547. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of RPM International during the 1st quarter valued at $56,000. UniSuper Management Pty Ltd bought a new position in shares of RPM International during the 2nd quarter valued at $81,000. Resources Management Corp CT ADV grew its holdings in shares of RPM International by 2,362.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 1,231 shares of the specialty chemicals company’s stock valued at $110,000 after purchasing an additional 1,181 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of RPM International by 11.5% during the 1st quarter. Ancora Advisors LLC now owns 1,450 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 150 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of RPM International during the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RPM shares. Mizuho started coverage on shares of RPM International in a research report on Friday, January 12th. They set a “buy” rating and a $128.00 target price for the company. UBS Group increased their target price on shares of RPM International from $111.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Finally, BMO Capital Markets increased their target price on shares of RPM International from $125.00 to $127.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $108.80.

Read Our Latest Stock Report on RPM

RPM International Company Profile

(Get Free Report)

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.

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Earnings History for RPM International (NYSE:RPM)

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