Revenue Update on RPM International(NYSE:RPM)

RPM International(NYSE:RPM) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Oct 5, 2016. Company reported revenue of $1.25B. Analysts estimated a revenue of $1.28B. Earnings per share were $0.83. Analysts had estimated an EPS of $0.80.

In a different note, On Aug 10, 2016, Seaport Global said it Downgrades its rating on RPM International. The shares have been rated ‘Neutral’ by the firm.

RPM International (RPM) made into the market gainers list on Fridays trading session with the shares advancing 0.19% or 0.09 points. Due to strong positive momentum, the stock ended at $47.88, which is also near the day’s high of $48.2616. The stock began the session at $48.13 and the volume stood at 5,80,895 shares. The 52-week high of the shares is $55.92 and the 52 week low is $36.7755. The company has a current market capitalization of $6,386 M and it has 13,33,76,742 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 19, 2016, Barry Slifstein (VP Investor Relations) sold 1,000 shares at $54.27 per share price.Also, 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.

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