Wall Street brokerages expect RPM International Inc. (NYSE:RPM – Get Rating) to report earnings per share of $0.30 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for RPM International’s earnings, with estimates ranging from $0.30 to $0.31. RPM International reported earnings per share of $0.38 in the same quarter last year, which would indicate a negative year over year growth rate of 21.1%. The business is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that RPM International will report full-year earnings of $3.57 per share for the current year, with EPS estimates ranging from $3.47 to $3.67. For the next financial year, analysts anticipate that the company will report earnings of $4.43 per share, with EPS estimates ranging from $4.05 to $4.92. Zacks’ EPS calculations are an average based on a survey of research analysts that follow RPM International.
RPM International (NYSE:RPM – Get Rating) last announced its earnings results on Tuesday, January 4th. The specialty chemicals company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.04). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.56 billion. RPM International had a net margin of 7.20% and a return on equity of 26.54%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share.
Tech giants like Google, Facebook, and Amazon are hoarding helium. And that’s because it’s about to become one of the rarest, most important gases on Earth. And this small cap company has found what might be the most valuable helium sites on the planet.
RPM has been the topic of several research analyst reports. Bank of America lowered RPM International from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 6th. They noted that the move was a valuation call. StockNews.com initiated coverage on RPM International in a research report on Thursday. They set a “hold” rating on the stock. BMO Capital Markets lifted their price target on RPM International from $121.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 6th. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating and set a $85.00 target price on the stock. in a report on Monday. Finally, Evercore ISI raised RPM International from an “in-line” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Tuesday, December 7th. Two research analysts have 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.com, the company currently has an average rating of “Hold” and an average target price of $99.29.
In related news, Director Elizabeth F. Whited acquired 600 shares of RPM International stock in a transaction dated Wednesday, January 12th. The shares were acquired at an average cost of $92.09 per share, for a total transaction of $55,254.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Edward W. Moore sold 5,565 shares of the company’s stock in a transaction on Thursday, January 13th. The shares were sold at an average price of $91.91, for a total value of $511,479.15. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in RPM. Norwood Financial Corp acquired a new stake in RPM International during the fourth quarter worth about $38,000. Kozak & Associates Inc. purchased a new position in RPM International in the third quarter valued at approximately $39,000. Tobam acquired a new position in RPM International during the third quarter valued at approximately $40,000. Future Financial Wealth Managment LLC purchased a new stake in RPM International during the fourth quarter worth approximately $49,000. Finally, Retirement Planning Co of New England Inc. purchased a new stake in RPM International during the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 79.49% of the company’s stock.
RPM opened at $82.49 on Thursday. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. RPM International has a 52 week low of $75.11 and a 52 week high of $101.48. The business’s 50 day moving average is…
Read More: RPM International Inc. (NYSE:RPM) Expected to Post Earnings of $0.30 Per Share