Equities Analysts Issue Forecasts for RPM International Inc.’s Q1 2020 Earnings (RPM)

Equities Analysts Issue Forecasts for RPM International Inc.’s Q1 2020 Earnings (RPM)

RPM International Inc. (NYSE:RPM) – Stock analysts at Seaport Global Securities boosted their Q1 2020 earnings per share (EPS) estimates for RPM International in a research note issued to investors on Thursday, November 29th. Seaport Global Securities analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $1.10 for the quarter, up from their prior estimate of $1.08. Seaport Global Securities also issued estimates for RPM International’s Q2 2020 earnings at $0.93 EPS, Q3 2020 earnings at $0.45 EPS, Q4 2020 earnings at $1.47 EPS and FY2020 earnings at $3.94 EPS.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 3rd. The specialty chemicals company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.10). The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.42 billion. RPM International had a net margin of 5.36% and a return on equity of 22.77%. RPM International’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $0.86 earnings per share.

RPM has been the topic of a number of other reports. Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Royal Bank of Canada boosted their price objective on shares of RPM International to $66.00 and gave the company a “market perform” rating in a report on Friday. Morgan Stanley reissued a “buy” rating on shares of RPM International in a report on Monday, October 8th. Bank of America reissued a “buy” rating and set a $75.00 price objective (up from $70.00) on shares of RPM International in a report on Thursday. Finally, BMO Capital Markets dropped their price objective on shares of RPM International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, October 8th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $63.13.

Shares of RPM opened at $65.95 on Monday. The firm has a market cap of $8.75 billion, a PE ratio of 22.59, a P/E/G ratio of 3.09 and a beta of 1.34. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.80 and a current ratio of 2.77. RPM International has a 1-year low of $46.36 and a 1-year high of $68.13.

A number of large investors have recently bought and sold shares of RPM. Meeder Asset Management Inc. purchased a new stake in RPM International in the third quarter valued at $117,000. Cerebellum GP LLC purchased a new stake in RPM International in the third quarter valued at $173,000. Private Asset Management Inc. purchased a new stake in RPM International in the third quarter valued at $208,000. Paloma Partners Management Co purchased a new stake in RPM International in the third quarter valued at $214,000. Finally, BTR Capital Management Inc. purchased a new stake in RPM International in the third quarter valued at $221,000. 76.42% of the stock is currently owned by institutional investors.

In other RPM International news, Director Kirkland B. Andrews purchased 2,000 shares of the stock in a transaction on Friday, October 5th. The shares were bought at an average cost of $60.21 per share, with a total value of $120,420.00. Following the completion of the acquisition, the director now owns 3,800 shares in the company, valued at $228,798. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John M. Ballbach purchased 3,360 shares of the stock in a transaction on Monday, October 15th. The stock was acquired at an average cost of $59.53 per share, for a total transaction of $200,020.80. Following the completion of the acquisition, the director now owns 13,260 shares of the company’s stock, valued at approximately $789,367.80. The disclosure for this purchase can be found here. 1.80% of the stock is 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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