RPM International Inc. to Post FY2024 Earnings of $4.94 Per Share, Zacks Research Forecasts (NYSE:RPM)

RPM International Inc. (NYSE:RPM) – Analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for RPM International in a research report issued on Thursday, April 18th. Zacks Research analyst A. Gupta now anticipates that the specialty chemicals company will post earnings per share of $4.94 for the year, down from their prior estimate of $4.95. The consensus estimate for RPM International’s current full-year earnings is $4.94 per share. Zacks Research also issued estimates for RPM International’s Q4 2024 earnings at $1.56 EPS, Q1 2025 earnings at $1.77 EPS, Q2 2025 earnings at $1.35 EPS, Q3 2025 earnings at $0.65 EPS, FY2025 earnings at $5.55 EPS, Q1 2026 earnings at $1.85 EPS, Q2 2026 earnings at $1.57 EPS, Q3 2026 earnings at $0.93 EPS and FY2026 earnings at $6.16 EPS.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company earned $0.37 EPS. The company’s revenue was up .4% on a year-over-year basis.

A number of other research firms have also commented on RPM. UBS Group raised their price objective on RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. BMO Capital Markets reduced their target price on RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a report on Friday, April 5th. Mizuho raised their target price on RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Robert W. Baird raised their target price on RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and an average price target of $115.11.

RPM International Price Performance

RPM International stock opened at $106.57 on Friday. The stock’s fifty day moving average price is $113.77 and its two-hundred day moving average price is $106.84. RPM International has a one year low of $78.52 and a one year high of $120.74. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.29 and a quick ratio of 1.39. The firm has a market cap of $13.72 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.69 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. Investors of record on Friday, April 19th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, April 18th. RPM International’s dividend payout ratio (DPR) is 42.40%.

Insider Activity at RPM International

In related news, VP Matthew T. Ratajczak sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the sale, the vice president now owns 23,451 shares of the company’s stock, valued at approximately $2,570,933.13. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of RPM International stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the transaction, the vice president now directly owns 23,451 shares of the company’s stock, valued at approximately $2,570,933.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick R. Nance sold 1,835 shares of RPM International stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now directly owns 8,180 shares in the company, valued at $892,029. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in RPM International during the 4th quarter worth about $25,000. Rise Advisors LLC bought a new position in shares of RPM International in the 1st quarter worth about $38,000. Cornerstone Planning Group LLC raised its position in shares of RPM International by 1,735.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 514 shares of the specialty chemicals company’s stock worth $49,000 after acquiring an additional 486 shares in the last quarter. Covestor Ltd raised its position in shares of RPM International by 274.8% in the 3rd quarter. Covestor Ltd now owns 566 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 415 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of RPM International in the 1st quarter worth about $56,000. 80.95% of the stock is owned by institutional investors and hedge funds.

About RPM International

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.