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RPM International Inc. [RPM] earnings preview: what to expect from their November quarter

RPM International Inc. [NYSE:RPM] will report earnings after markets close on Wednesday, January ‎‎6th.

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RPM Earnings Forecast For The Current Quarter

RPM International Inc. [RPM] is ‎expected to report strong earnings results for the quarter ending on Nov 2020. Consensus estimates ‎give the company expected revenues of $1.45B and an earnings per share of $1 for Nov 2020. Looking ‎further ahead, the company is expected to report revenue of $1.21B at an EPS of $0.32 for Feb 2021. ‎The estimates represent upside of 2.20% and 10.63% in the company’s revenue and earnings per ‎share, respectively, on a year-on-year basis.

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RPM Earnings Estimates For The Current ‎Year

For the financial year, RPM International Inc. [NYSE:RPM] is expected to bring in revenue of ‎‎$5.87B. The returns are nearly $360.0 million higher than the company’s actual revenue recorded in the ‎fiscal year 2020. In terms of EPS for the 2021, estimate put it at 4.12, higher than that of FY20 by $1.05. ‎Estimates put this year’s earnings growth at 34.20%, 10.70% for the next, and at an annual 12.60% over ‎the next 5-year period. As for sales, forecasts are for an increase of 6.60% in the current fiscal year and ‎a further 2.20% over the following year.

RPM Price Performance

On Wall Street, RPM ‎International Inc. [NYSE:RPM] finished Monday’s session down -1.98% at $88.98. The stock went up to ‎‎$91.77 at the same session while its lowest single day price was $88.51. In the last five days, it saw a fall ‎of about -1.20%, RPM International Inc. shares dropped by almost -1.98% since the beginning of the ‎year. However, the share price has dropped to as low as -9.53% below its one year high. On 01/04/21, ‎the company shares recorded $91.77, the highest single-day price it has got to in the last 52-weeks and ‎a 52-week low was seen on 01/04/21, the same year at $88.51. The company’s shares have inclined by ‎‎18.40% in the past year. The 50-day SMA achieved is $88.51 while the 200-day SMA is $78.94. Volume ‎gained to 0.5 million from 0.49 million in the previous session.

RPM International Inc. [RPM] ‎Valuation Measures

Notably, RPM International Inc. [RPM] stock cannot be classified as a good ‎candidate in the listing of underestimated low-priced Specialty Chemicals companies to purchase ‎soonest possible with the prevailing 12-month PE ratio of 30.64. The measure means the stock is ‎exchanging at a premium as compared to the 23.22x trailing earnings of the industry. It can be helpful ‎for investors to consider historical price-sales ratio, more specifically, a 2.04 PS value ratio is reported ‎for the last one year of reported earnings. That is higher than the industry average of 1.38 which ‎means RPM serve an unattractive investment opportunity compared to its competitors.

RPM ‎Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived ‎around 87.74 level, and in case of violation of this particular level, it will cause more drop to 86.49 level. ‎On the upper level, 93.01 is still the key resistance. The stock may increase to the subsequent ‎resistance at 91.00. The Relative Strength Index (RSI) pinned on the 14-day chart is 50.91, implying a ‎neutral technical stance while the MACD stands at 1.09, meaning price will increase in the next trading ‎period. Percent R indicator moved to 49.82%, implying low price movement. Stochastic %K at 74.93% ‎suggest holding the stock.

Is RPM International Inc. [NYSE:RPM] a Good Buy Right Now?

It ‎should be noted that RPM technical indicators for short, intermediate as well as long term progress ‎have placed an overall average of 88% as Buy. The average signal changed from 88% Buy in the last ‎week and compares with 64% Buy in the past month. Data from RPM International Inc.’s Trend Spotter ‎indicated that the signals were Weakest. The stock current average is 0.45 million shares in the past 20 ‎days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading ‎volume was 0.45 million shares while the medium term average advocated for 100% Buy. The average ‎long-term signal stands at 100% Buy and the 100-day average volume stands at 0.49 million ‎shares.

What is the short interest in RPM International Inc.?

Short interest in the RPM ‎International Inc. stock has surged, increasing by 70000.0 shares to total 1.04 million shares on Dec 14, ‎‎2020. The interest had seen shares on Nov 12, 2020 stand at 1.11 million, data from Yahoo Finance ‎shows. The decrease of -6.73% suggests the stock saw some decreased bullish sentiment. The stock’s ‎days to cover moved to short ratio while the shorted shares account for just 0.91% of the overall float ‎for the stock.

RPM International Inc.’s Biggest Shareholders: Who Owns RPM International Inc. ‎‎[RPM]?

Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 12,478,931 ‎shares or roughly 9.60% of the outstanding RPM shares. This means their shares have reduced by -‎‎614,412 from the 12,478,931 the investor reportedly held in its prior 13-F filing. With the conclusion of ‎the sale, BlackRock Fund Advisors updated stake is worth $918,775,642. Details in the latest 13F filings ‎reveal that Aristotle Capital Management LLC acquired their 1.69% stake valued at $819,833,128 while ‎T. Rowe Price Associates, Inc. cut theirs at $621,463,605. During the last quarter, Aristotle Capital ‎Management LLC raised 154,785 of its shares in RPM International Inc. while T. Rowe Price Associates, ‎Inc. sold -2,992,650 shares. The SSgA Funds Management, Inc.’s holdings currently number 5,400,888 ‎shares at $480571014.24. According to the firm’s last 13F report, Atlanta Capital Management Co. LL ‎shares in the company at filing stood at 4,307,900 shares, roughly $379,138,279.

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What are analyst ‎thoughts on RPM International Inc.?

Looking forward to the RPM International Inc. share price ‎prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for RPM ‎International Inc. stock at $96.00 within the next 12 months, which represents almost 7.31 per cent ‎growth from its previous closing price of $88.98. The highest analysts’ target for RPM International Inc. ‎stock projections is $109.00 and the lowest one is $89.00. Still, 15 analysts sharing their consensus ‎rating for RPM stock in 2021 agree that it is an Overweight.‎

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