Trade Report: Today, Seaport Global Securities lowers the estimated Q2 2017 for RPM International Inc. (RPM)

Today, Seaport Global Securities lowers the estimated Q2 2017 for RPM International Inc. (RPM)

RPM International Inc. (NYSE:RPM) – Analysts at Seaport Global Securities cut their Q2 2017 earnings per share (EPS) estimates for RPM International in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Harrison now expects that the firm will post earnings per share of $0.60 for the quarter, down from their prior forecast of $0.64. Seaport Global Securities currently has a “Neutral” rating and a $57.00 target price on the stock. Seaport Global Securities also issued estimates for RPM International’s FY2017 earnings at $2.75 EPS, Q2 2018 earnings at $0.69 EPS and FY2018 earnings at $3.07 EPS.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of RPM International from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of RPM International in a research note on Wednesday, October 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.50.

Shares of RPM International (NYSE:RPM) traded down 0.11% on Friday, reaching $52.87. 112,160 shares of the company’s stock were exchanged. RPM International has a 12 month low of $36.78 and a 12 month high of $55.92. The company has a market capitalization of $7.05 billion, a P/E ratio of 19.39 and a beta of 1.32. The firm’s 50 day moving average price is $49.33 and its 200-day moving average price is $51.31.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $1.25 billion for the quarter. RPM International had a net margin of 7.62% and a return on equity of 27.52%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 17th were issued a $0.30 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. RPM International’s dividend payout ratio is currently 44.12%.

In other news, insider Ronald A. Rice sold 18,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $48.37, for a total value of $870,660.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the stock. Cribstone Capital Management LLC acquired a new position in shares of RPM International during the second quarter worth $112,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of RPM International during the second quarter worth $115,000. Moon Capital Management LLC acquired a new position in shares of RPM International during the second quarter worth $199,000. FDx Advisors Inc. acquired a new position in shares of RPM International during the second quarter worth $205,000. Finally, Albion Financial Group UT acquired a new position in shares of RPM International during the third quarter worth $220,000. Institutional investors own 72.47% of the company’s stock.

RPM International Company Profile

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