RPM International Inc. (NYSE:RPM) Expected to Post Quarterly Sales of $1.66 Billion

Equities research analysts predict that RPM International Inc. (NYSE:RPM) will post $1.66 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for RPM International’s earnings, with estimates ranging from $1.64 billion to $1.68 billion. RPM International reported sales of $1.61 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The business is scheduled to report its next earnings results before the market opens on Wednesday, October 6th.

According to Zacks, analysts expect that RPM International will report full year sales of $6.35 billion for the current financial year, with estimates ranging from $6.25 billion to $6.48 billion. For the next fiscal year, analysts anticipate that the company will post sales of $6.63 billion, with estimates ranging from $6.45 billion to $6.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow RPM International.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Sunday, July 25th. The specialty chemicals company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.02. RPM International had a net margin of 8.23% and a return on equity of 34.41%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business earned $1.13 EPS. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis.

A number of equities analysts recently weighed in on RPM shares. Wells Fargo & Company lowered shares of RPM International from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective for the company. in a report on Tuesday, July 27th. JPMorgan Chase & Co. lowered shares of RPM International from a “neutral” rating to an “underweight” rating and set a $90.00 target price for the company. in a research note on Wednesday, June 23rd. Zacks Investment Research lowered RPM International from a “hold” rating to a “strong sell” rating and set a $80.00 price objective for the company. in a research note on Friday, June 4th. Finally, BMO Capital Markets reduced their price objective on RPM International from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, RPM International currently has a consensus rating of “Hold” and an average price target of $93.89.

Large investors have recently modified their holdings of the company. Strategic Blueprint LLC purchased a new position in shares of RPM International during the second quarter worth approximately $27,000. Eagle Bay Advisors LLC bought a new position in shares of RPM International during the second quarter valued at approximately $34,000. Bartlett & Co. LLC boosted its stake in shares of RPM International by 74.8% during the second quarter. Bartlett & Co. LLC now owns 699 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 299 shares in the last quarter. Certified Advisory Corp bought a new position in shares of RPM International during the first quarter valued at approximately $85,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of RPM International during the second quarter valued at approximately $152,000. 76.36% of the stock is currently owned by institutional investors and hedge funds.

NYSE RPM traded down $0.66 during mid-day trading on Wednesday, reaching $77.95. The stock had a trading volume of 702,649 shares, compared to its average volume of 544,918. RPM International has a 1 year low of $76.43 and a 1 year high of $99.30. The stock has a market cap of $10.12 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 4.04 and a beta of 0.95. The company has a fifty day moving average price of $84.48 and a 200 day moving average price of $89.27. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.09 and a quick ratio of 1.38.

The business also recently announced a quarterly dividend, which was paid on Friday, July 30th. Stockholders of record on Thursday, July 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Wednesday, July 14th. RPM International’s dividend payout ratio (DPR) is presently 36.54%.

RPM International Company Profile

RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG); Performance Coatings Group (PCG); Consumer Group; and Specialty Products Group (SPG).

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

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