RPM International (RPM) announced its most recent quarterly financial results on Wednesday, Oct-5-2016. RPM said it had a profit of $0.83 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.80. The company posted revenue of $1252.06 million in the period, compared to analysts expectations of $1283.68 million. RPM’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 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 closed down -0.83 points or -1.55% at $52.73 with 12,04,440 shares getting traded on Tuesday. Post opening the session at $53.65, the shares hit an intraday low of $52.51 and an intraday high of $53.94 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 19, 2016, Barry Slifstein (VP Investor Relations) sold 1,000 shares at $54.27 per share price. According to the SEC, on Aug 9, 2016, Russell L Gordon (VP and CFO) sold 6,304 shares at $54.35 per share price. On Aug 3, 2016, Frank C Sullivan (Chairman and CEO) sold 60,000 shares at $53.56 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.