RPM International Inc. to Post FY2024 Earnings of $4.94 Per Share, Zacks Research Forecasts (NYSE:RPM)

RPM International Inc. (NYSE:RPM) – 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 expects that the specialty chemicals company will post earnings per share of $4.94 for the year, down from their previous 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.

RPM International (NYSE:RPM) last released its earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.52 billion. During the same period last year, the business earned $0.37 earnings per share. The business’s revenue was up .4% on a year-over-year basis.

RPM has been the subject of a number of other reports. UBS Group boosted their price objective on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Mizuho boosted their price objective on shares of RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, April 5th. BMO Capital Markets decreased their price objective 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, Robert W. Baird boosted their price objective on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.11.

RPM International Price Performance

Shares of NYSE RPM opened at $106.57 on Friday. RPM International has a twelve month low of $78.52 and a twelve month high of $120.74. The firm has a market cap of $13.72 billion, a P/E ratio of 24.56, a PEG ratio of 1.69 and a beta of 1.04. The company has a 50 day moving average of $113.77 and a 200 day moving average of $106.84. The company has a quick ratio of 1.39, a current ratio of 2.29 and a debt-to-equity ratio of 0.93.

Institutional Investors Weigh In On RPM International

Hedge funds have recently modified their holdings of the business. BKM Wealth Management LLC boosted its holdings in RPM International by 30.1% in the 1st quarter. BKM Wealth Management LLC now owns 4,334 shares of the specialty chemicals company’s stock worth $516,000 after buying an additional 1,003 shares during the period. Kingswood Wealth Advisors LLC bought a new position in RPM International in the 1st quarter worth $338,000. FCF Advisors LLC boosted its holdings in RPM International by 32.5% in the 1st quarter. FCF Advisors LLC now owns 11,477 shares of the specialty chemicals company’s stock worth $1,365,000 after buying an additional 2,818 shares during the period. Rise Advisors LLC bought a new position in RPM International in the 1st quarter worth $38,000. Finally, GAMMA Investing LLC boosted its holdings in RPM International by 14.3% in the 1st quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company’s stock worth $96,000 after buying an additional 101 shares during the period. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling at RPM International

In other news, VP Matthew T. Ratajczak sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total transaction 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 approximately $2,570,933.13. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Frederick R. Nance sold 1,835 shares of the business’s stock in a transaction 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 owns 8,180 shares of the company’s stock, valued at approximately $892,029. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total transaction of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares of the company’s stock, valued at approximately $2,570,933.13. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.84 dividend on an annualized basis and a yield of 1.73%. RPM International’s dividend payout ratio is presently 42.40%.

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.