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