RPM International (NYSE:RPM) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• RPM International beat earnings expectations, reporting quarterly EPS of $1.98 versus the $1.95 consensus estimate. Revenue totaled $2.22 billion, in line with analyst expectations.
• Shares fell 4.1% to open at $95.17, below the company’s 50-day and 200-day moving averages, despite profitability metrics including a 22.45% return on equity and 8.41% net margin.
• Analysts remain broadly positive, with 12 Buy ratings and three Holds; the stock carries a “Moderate Buy” consensus rating and a $125.85 average price target.

RPM International (NYSE:RPM - Get Free Report) posted its quarterly earnings results on Tuesday. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.03, FiscalAI reports. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.

RPM International Stock Down 4.1%

Shares of NYSE:RPM opened at $95.17 on Tuesday. RPM International has a 1 year low of $92.92 and a 1 year high of $121.78. The business has a 50 day simple moving average of $105.77 and a two-hundred day simple moving average of $104.60. The firm has a market capitalization of $12.14 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16.

Analyst Ratings Changes

RPM has been the topic of a number of research analyst reports. Bank of America boosted their price target on RPM International from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of RPM International in a report on Friday, July 24th. KeyCorp assumed coverage on shares of RPM International in a research note on Friday, September 11th. They set an "overweight" rating and a $123.00 price target on the stock. Wall Street Zen cut shares of RPM International from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Finally, BMO Capital Markets upped their target price on shares of RPM International from $143.00 to $151.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, RPM International has an average rating of "Moderate Buy" and a consensus target price of $125.85.

RPM International Company Profile

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.

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