$1.09 Billion in Sales Expected for RPM International Inc. (RPM) This Quarter

Equities research analysts predict that RPM International Inc. (NYSE:RPM) will report $1.09 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for RPM International’s earnings, with the highest sales estimate coming in at $1.09 billion and the lowest estimate coming in at $1.08 billion. RPM International posted sales of $1.02 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, April 5th.

According to Zacks, analysts expect that RPM International will report full year sales of $1.09 billion for the current year, with estimates ranging from $5.30 billion to $5.35 billion. For the next fiscal year, analysts expect that the firm will report sales of $5.55 billion per share, with estimates ranging from $5.46 billion to $5.60 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover RPM International.

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RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. RPM International had a return on equity of 25.05% and a net margin of 6.80%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business earned $0.52 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year.

RPM has been the topic of a number of research reports. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. JPMorgan Chase lowered RPM International from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $52.00 to $47.00 in a research note on Friday, March 16th. BMO Capital Markets initiated coverage on RPM International in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $60.00 price target on the stock. TheStreet raised RPM International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Finally, Gabelli reaffirmed a “buy” rating on shares of RPM International in a research note on Wednesday, March 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. RPM International currently has a consensus rating of “Hold” and an average target price of $55.86.

In related news, Chairman Frank C. Sullivan sold 35,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $52.38, for a total value of $1,833,300.00. Following the completion of the sale, the chairman now owns 1,188,489 shares in the company, valued at $62,253,053.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Edward W. Moore sold 2,578 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total value of $138,670.62. Following the completion of the sale, the senior vice president now owns 98,417 shares of the company’s stock, valued at approximately $5,293,850.43. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elefante Mark B bought a new stake in shares of RPM International in the fourth quarter worth about $213,000. Opus Capital Group LLC bought a new stake in shares of RPM International in the fourth quarter worth about $219,000. Logan Capital Management Inc. bought a new stake in shares of RPM International in the fourth quarter worth about $230,000. Jump Trading LLC bought a new stake in shares of RPM International in the fourth quarter worth about $299,000. Finally, Flinton Capital Management LLC increased its holdings in shares of RPM International by 24.1% in the fourth quarter. Flinton Capital Management LLC now owns 9,728 shares of the specialty chemicals company’s stock worth $510,000 after acquiring an additional 1,888 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Shares of NYSE RPM opened at $47.67 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $6,371.86, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45. RPM International has a 12 month low of $46.80 and a 12 month high of $56.69.

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RPM International Company Profile

RPM International Inc manufactures, markets, and sells specialty chemical products for 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 solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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Earnings History and Estimates for RPM International (NYSE:RPM)

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