RPM International (RPM) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $1.01. The company posted revenue of $1430.00 million in the period, compared to analysts expectations of $1422.65 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.
Many Wall Street Analysts have commented on RPM International. RPM International was Downgraded by Wellington Shields to ” Hold” on Jul 13, 2016.
RPM International opened for trading at $52.38 and hit $55.205 on the upside on Thursday, eventually ending the session at $54.11, with a gain of 5.93% or 3.03 points. The heightened volatility saw the trading volume jump to 16,15,098 shares. Company has a market cap of $7,188 M.
In a different news, on Apr 21, 2016, Ronald A Rice (President and COO) sold 18,822 shares at $51.15 per share price. According to the SEC, on Jan 21, 2016, Matthew T Ratajczak (VP-Global Tax and Treasurer) sold 5,114 shares at $39.03 per share price. On Jan 19, 2016, Janeen B. Kastner (VP Corp. Benefits/Risk Mgmt.) purchased 1,000 shares at $39.47 per share price, according to the Form-4 filing with the securities and exchange commission.
RPM International Inc. through its subsidiaries manufactures markets and sells various specialty chemical product lines including specialty paints protective coatings roofing systems sealants and adhesives. The Company operates through two segments which include industrial segment and consumer segment. Its industrial segment products are sold throughout North America. Its industrial product lines are sold directly to contractors distributors and end users. The Company’s consumer segment manufactures and markets professional use and do-it-yourself (DIY) products for a range of consumer applications including home improvement and personal leisure activities. Its family of products includes those marketed under brand names such as API Carboline CAVE DAP Day-Glo Dri-Eaz Dryvit Euclid EUCO Fibergrate Flecto Flowcrete Grupo PV Hummervoll illbruck Mohawk Rust-Oleum Stonhard TCI Toxement Tremco Tuf-Strand Universal Sealants Viapol Watco and Zinsser.