RPM International's Q1 Earnings Preview: Analyst Insights
RPM International's Anticipated Q1 Earnings Release
RPM International Inc (NYSE: RPM) is gearing up to share its earnings results for the first quarter. Investors are looking forward to the announcement, which is expected to take place before the opening bell on a Wednesday in the near future.
Expected Earnings and Revenue Figures
Analysts are projecting that RPM will report earnings of $1.75 per share for this quarter, marking an increase from $1.64 per share reported in the same period last year. The company is also anticipated to achieve revenue of approximately $2.02 billion, highlighting its consistent growth trajectory.
Recent Stock Performance
Despite strong earnings expectations, RPM's stock experienced a slight decline, closing down by 0.8% at $120.09 on a recent trading day. This fluctuation reflects broader market sentiments and investor reactions to upcoming earnings reports.
Wall Street Analysts' Ratings and Insights
A closer look at how analysts are positioning RPM International yields several noteworthy insights:
- BMO Capital's analyst, John McNulty, remains optimistic with an Outperform rating while slightly adjusting the price target from $140 to $139.
- Mizuho's analyst, John Roberts, shares a similar view by maintaining an Outperform rating but revising the price target down from $136 to $134.
- Wells Fargo's analyst, Michael Sison, boosts the price target from $110 to $125 while holding an Equal-Weight rating, indicating a balanced view of RPM's potential.
- On the flip side, JP Morgan's Jeffrey Zekauskas downgraded RPM from Overweight to Neutral, with a target price set at $120, reflecting a more cautious outlook.
- Lastly, UBS's analyst Joshua Spector chose to maintain a Neutral rating, lowering the price target to $117 from a prior $122, which suggests market concerns.
Analyst Perspectives on RPM Stock
Considering an investment in RPM stock? With these varying insights from reputable analysts, potential investors are encouraged to weigh their options carefully before making decisions.
Frequently Asked Questions
What is RPM International Inc's upcoming earnings report date?
RPM International is set to release its earnings results before the opening bell on an upcoming Wednesday.
What are the expected earnings per share for RPM?
Analysts expect RPM to report earnings of $1.75 per share for the first quarter.
What was RPM's stock closing price recently?
The stock closed at $120.09, reflecting a 0.8% drop in its value.
Who are the main analysts covering RPM International?
Key analysts include John McNulty from BMO Capital, John Roberts from Mizuho, and Michael Sison from Wells Fargo, among others.
What are the latest price targets suggested by analysts?
Recent price targets vary, with figures ranging from $117 to $139, depending on the analyst's perspective.
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