RPM International (RPM) Announces Earnings Results

RPM International (NYSE:RPM) issued its quarterly earnings results on Friday. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.15), MarketWatch Earnings reports. RPM International had a net margin of 5.36% and a return on equity of 22.77%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company posted $0.70 earnings per share. RPM International’s revenue was up 3.6% compared to the same quarter last year. RPM International updated its Q3 2019 guidance to $0.10-0.12 EPS.

NYSE RPM traded down $1.20 on Friday, hitting $53.68. 8,418 shares of the company were exchanged, compared to its average volume of 1,640,318. The company has a current ratio of 2.77, a quick ratio of 1.80 and a debt-to-equity ratio of 1.41. The company has a market cap of $7.80 billion, a PE ratio of 18.64, a PEG ratio of 1.70 and a beta of 1.33. RPM International has a twelve month low of $46.36 and a twelve month high of $68.13.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 16th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 15th. This represents a $1.40 annualized dividend and a yield of 2.61%. RPM International’s payout ratio is presently 47.95%.

In related news, Director John M. Ballbach acquired 3,360 shares of the business’s stock in a transaction on Monday, October 15th. The shares were purchased at an average price of $59.53 per share, for a total transaction of $200,020.80. Following the acquisition, the director now owns 13,260 shares in the company, valued at $789,367.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets cut their price target on shares of RPM International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, October 8th. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Friday, December 14th. Morgan Stanley reissued a “buy” rating on shares of RPM International in a report on Monday, October 8th. Vertical Research downgraded shares of RPM International from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Royal Bank of Canada upped their price target on shares of RPM International to $66.00 and gave the company a “market perform” rating in a report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.25.

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RPM International Company Profile

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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Earnings History for RPM International (NYSE:RPM)

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