RPM International Inc. (NYSE:RPM) to Post FY2024 Earnings of $5.10 Per Share, Seaport Res Ptn Forecasts

RPM International Inc. (NYSE:RPMGet Rating) – Stock analysts at Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for RPM International in a research report issued on Wednesday, September 14th. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will post earnings of $5.10 per share for the year, up from their previous estimate of $5.00. The consensus estimate for RPM International’s current full-year earnings is $4.29 per share.

RPM International (NYSE:RPMGet Rating) last issued its earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.02). The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.96 billion. RPM International had a return on equity of 25.57% and a net margin of 7.33%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS.

Other analysts have also issued research reports about the company. Bank of America dropped their price objective on RPM International from $90.00 to $78.00 and set an “underperform” rating for the company in a research note on Wednesday, July 13th. Credit Suisse Group assumed coverage on RPM International in a research note on Monday, June 27th. They set an “outperform” rating and a $95.00 price objective for the company. TheStreet raised RPM International from a “c+” rating to a “b” rating in a research note on Monday, July 25th. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Finally, BMO Capital Markets upped their target price on RPM International from $104.00 to $111.00 and gave the company an “outperform” rating in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $96.75.

RPM International Stock Down 3.0 %

Shares of RPM opened at $88.31 on Monday. The firm has a market cap of $11.40 billion, a P/E ratio of 23.30, a P/E/G ratio of 4.21 and a beta of 0.94. The stock has a 50 day simple moving average of $90.28 and a two-hundred day simple moving average of $85.60. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.56 and a quick ratio of 0.96. RPM International has a 1 year low of $74.56 and a 1 year high of $101.48.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a $0.40 dividend. The ex-dividend date was Thursday, July 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.81%. RPM International’s dividend payout ratio is currently 42.22%.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 2,600 shares of RPM International stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $89.24, for a total value of $232,024.00. Following the completion of the sale, the director now directly owns 9,049 shares in the company, valued at approximately $807,532.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other RPM International news, Director Frederick R. Nance sold 2,600 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $89.24, for a total transaction of $232,024.00. Following the completion of the sale, the director now directly owns 9,049 shares in the company, valued at approximately $807,532.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Matthew T. Ratajczak sold 993 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $90.02, for a total value of $89,389.86. Following the sale, the vice president now owns 55,546 shares of the company’s stock, valued at $5,000,250.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,701 shares of company stock valued at $506,370. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

A number of large investors have recently made changes to their positions in RPM. Cowa LLC grew its stake in shares of RPM International by 9,901.1% during the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock valued at $263,000 after acquiring an additional 319,411 shares during the period. Boston Trust Walden Corp grew its stake in shares of RPM International by 13.1% during the 1st quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company’s stock valued at $45,152,000 after acquiring an additional 64,242 shares during the period. Russell Investments Group Ltd. grew its stake in shares of RPM International by 116.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 75,698 shares of the specialty chemicals company’s stock valued at $5,969,000 after acquiring an additional 40,748 shares during the period. GW&K Investment Management LLC grew its stake in shares of RPM International by 7.1% during the 1st quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company’s stock valued at $49,519,000 after acquiring an additional 40,198 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of RPM International by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,601,983 shares of the specialty chemicals company’s stock valued at $161,533,000 after acquiring an additional 34,887 shares during the period. 81.69% of the stock is currently owned by institutional investors.

RPM International Company Profile

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RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional 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; solutions for fire stopping and intumescent steel coating, and manufacturing industry; 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.

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

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