RPM International (NYSE:RPM) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• RPM International reported a quarterly earnings per share (EPS) of $1.72, surpassing analyst estimates of $1.60 by $0.12.
• The company achieved a revenue of $2.08 billion, which exceeded expectations of $2.02 billion, marking a 3.7% increase year-over-year.
• RPM International declared a quarterly dividend of $0.51 per share, with a dividend yield of 1.66%, scheduled for payout on July 31st.

RPM International (NYSE:RPM - Get Free Report) released its quarterly earnings results on Thursday. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.12, Zacks reports. RPM International had a return on equity of 24.94% and a net margin of 9.34%. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the prior year, the business posted $1.56 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year.

RPM International Trading Down 1.2%

NYSE:RPM traded down $1.45 on Wednesday, reaching $118.81. The company's stock had a trading volume of 1,196,225 shares, compared to its average volume of 778,411. The firm has a market cap of $15.25 billion, a PE ratio of 22.21, a PEG ratio of 1.50 and a beta of 1.03. The business's 50-day moving average price is $112.80 and its two-hundred day moving average price is $114.99. RPM International has a 1-year low of $95.28 and a 1-year high of $141.79. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.16.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.51 per share. The ex-dividend date is Tuesday, July 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.72%. RPM International's dividend payout ratio (DPR) is presently 38.13%.

Analysts Set New Price Targets

Several research firms have recently issued reports on RPM. Fermium Researc raised RPM International to a "hold" rating in a research note on Wednesday, April 9th. Robert W. Baird decreased their price target on RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets increased their price target on RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. UBS Group increased their price target on RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Citigroup initiated coverage on RPM International in a report on Monday, June 2nd. They issued a "buy" rating and a $135.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RPM International has a consensus rating of "Moderate Buy" and a consensus target price of $131.40.

About RPM International

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.