RPM International (NYSE:RPM) Announces Earnings Results, Beats Estimates By $0.06 EPS

RPM International (NYSE:RPM) announced its earnings results on Wednesday. The specialty chemicals company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.83 by $0.06, FiscalAI reports. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a net margin of 8.63% and a return on equity of 22.55%.

RPM International Stock Performance

NYSE RPM opened at $101.71 on Wednesday. The stock has a market cap of $12.98 billion, a P/E ratio of 19.60, a PEG ratio of 2.31 and a beta of 1.04. The company’s 50-day simple moving average is $105.14 and its 200 day simple moving average is $106.25. RPM International has a twelve month low of $92.92 and a twelve month high of $129.12. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, July 14th. RPM International’s payout ratio is 41.62%.

Institutional Investors Weigh In On RPM International

A number of institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new stake in RPM International during the fourth quarter valued at approximately $60,000. Resources Management Corp CT ADV boosted its stake in RPM International by 21,566.7% in the 4th quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock valued at $68,000 after buying an additional 647 shares in the last quarter. BOKF NA bought a new stake in RPM International in the third quarter valued at $118,000. Lazard Asset Management LLC raised its stake in RPM International by 5.8% during the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock worth $184,000 after acquiring an additional 93 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in RPM International by 151.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,746 shares of the specialty chemicals company’s stock worth $182,000 after acquiring an additional 1,052 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RPM. Royal Bank Of Canada raised their price target on RPM International from $126.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Wall Street Zen lowered RPM International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Citigroup lifted their price target on RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Morgan Stanley upped their price target on RPM International from $118.00 to $121.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Finally, UBS Group raised RPM International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $118.00 to $130.00 in a research report on Wednesday, May 27th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, RPM International has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.