FY2024 EPS Estimates for RPM International Inc. (NYSE:RPM) Decreased by Zacks Research

RPM International Inc. (NYSE:RPM - Free Report) - Investment analysts at Zacks Research decreased their FY2024 EPS estimates for RPM International in a research note issued to investors on Thursday, April 18th. Zacks Research analyst A. Gupta now forecasts that the specialty chemicals company will earn $4.94 per share for the year, down from their prior estimate of $4.95. The consensus estimate for RPM International's current full-year earnings is $4.94 per share. Zacks Research also issued estimates for RPM International's Q4 2024 earnings at $1.56 EPS, Q1 2025 earnings at $1.77 EPS, Q2 2025 earnings at $1.35 EPS, Q3 2025 earnings at $0.65 EPS, FY2025 earnings at $5.55 EPS, Q1 2026 earnings at $1.85 EPS, Q2 2026 earnings at $1.57 EPS, Q3 2026 earnings at $0.93 EPS and FY2026 earnings at $6.16 EPS.

Other equities research analysts have also recently issued reports about the stock. UBS Group upped their price target on shares of RPM International from $121.00 to $122.00 and gave the company a "neutral" rating in a report on Friday, April 5th. Robert W. Baird upped their price target on shares of RPM International from $105.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, April 5th. BMO Capital Markets decreased their price target on shares of RPM International from $127.00 to $123.00 and set an "outperform" rating for the company in a report on Friday, April 5th. Finally, Mizuho increased their target price on shares of RPM International from $128.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.11.

RPM International Stock Performance

RPM stock traded down $0.81 during mid-day trading on Friday, reaching $106.57. 633,391 shares of the stock traded hands, compared to its average volume of 622,775. The company has a quick ratio of 1.39, a current ratio of 2.29 and a debt-to-equity ratio of 0.93. RPM International has a 52 week low of $78.52 and a 52 week high of $120.74. The business has a 50-day moving average of $113.77 and a two-hundred day moving average of $106.84. The firm has a market capitalization of $13.72 billion, a PE ratio of 24.56, a P/E/G ratio of 1.69 and a beta of 1.04.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the company posted $0.37 earnings per share. RPM International's revenue for the quarter was up .4% on a year-over-year basis.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, April 18th. RPM International's payout ratio is 42.40%.

Insider Transactions at RPM International

In related news, VP Matthew T. Ratajczak sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the completion of the sale, the vice president now owns 23,451 shares of the company's stock, valued at $2,570,933.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Matthew T. Ratajczak sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the completion of the sale, the vice president now owns 23,451 shares of the company's stock, valued at $2,570,933.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederick R. Nance sold 1,835 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total transaction of $200,106.75. Following the completion of the sale, the director now directly owns 8,180 shares of the company's stock, valued at approximately $892,029. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in RPM International by 3.2% in the first quarter. Geode Capital Management LLC now owns 1,827,966 shares of the specialty chemicals company's stock valued at $159,244,000 after acquiring an additional 56,726 shares during the last quarter. Boston Trust Walden Corp boosted its stake in RPM International by 2.9% in the fourth quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company's stock valued at $54,553,000 after acquiring an additional 13,860 shares during the last quarter. Cowa LLC boosted its stake in RPM International by 9,901.1% in the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company's stock valued at $263,000 after acquiring an additional 319,411 shares during the last quarter. California State Teachers Retirement System boosted its stake in RPM International by 6.7% in the fourth quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company's stock valued at $26,708,000 after acquiring an additional 15,084 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in RPM International by 1.5% in the third quarter. California Public Employees Retirement System now owns 239,153 shares of the specialty chemicals company's stock valued at $22,674,000 after acquiring an additional 3,484 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.