RPM International (NYSE:RPM) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

RPM International (NYSE:RPM) posted its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03, Bloomberg Earnings reports. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. RPM International had a return on equity of 28.74% and a net margin of 5.89%. RPM International’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS.

Shares of NYSE:RPM opened at $73.04 on Friday. RPM International has a fifty-two week low of $52.48 and a fifty-two week high of $77.47. The business has a 50-day simple moving average of $74.61 and a two-hundred day simple moving average of $69.38. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.04 and a current ratio of 2.40. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.29 and a beta of 1.26.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, January 15th. RPM International’s dividend payout ratio (DPR) is 53.14%.

RPM has been the subject of several recent analyst reports. Vertical Group raised RPM International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Wells Fargo & Co initiated coverage on RPM International in a research report on Tuesday, October 15th. They issued an “outperform” rating and a $80.00 price target for the company. Gabelli reaffirmed a “buy” rating on shares of RPM International in a research report on Thursday. Vertical Research raised RPM International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, UBS Group initiated coverage on RPM International in a research report on Thursday, October 10th. They issued a “buy” rating and a $85.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. RPM International has an average rating of “Hold” and an average target price of $73.83.

In other RPM International news, Director David A. Daberko sold 12,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $69.51, for a total value of $834,120.00. Following the completion of the transaction, the director now owns 18,665 shares of the company’s stock, valued at approximately $1,297,404.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

About RPM International

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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