- RPM International (RPM, Financial) reports a 3% sales decline, missing analyst expectations.
- Analysts set a one-year average target price of $134.85 for RPM, indicating potential upside.
- Current analyst consensus maintains a "Hold" recommendation on RPM's stock.
RPM International (RPM) experienced a 1.6% decrease in premarket trading following its announcement of a third-quarter sales decline by 3% year-over-year, amounting to $1.48 billion. This figure fell short of analysts' forecast of $1.51 billion. The company's net income was reported at $52 million, or $0.40 per share, while the adjusted earnings were $0.35 per share, missing the predicted $0.50 per share.
Wall Street Analysts Forecast
In examining the one-year price targets projected by 14 analysts, the average target price for RPM International Inc (RPM, Financial) stands at $134.85. Expectations span from a high estimate of $154.00 to a low of $117.00, with the average target suggesting a potential upside of 26.38% from the current price of $106.70. This detailed estimate data can be explored further on the RPM International Inc (RPM) Forecast page.
The consensus recommendation from 17 brokerage firms places RPM International Inc's (RPM, Financial) average brokerage recommendation at 2.6, categorizing it as a "Hold." This rating scale operates from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Sell.
According to GuruFocus estimates, RPM International Inc (RPM, Financial) shows an estimated GF Value of $106.47 for the coming year. This estimate indicates a slight downside of 0.22% from the current price of $106.70. The GF Value represents GuruFocus' evaluation of the fair market value the stock should trade at, based on historical trading multiples, past business growth, and future performance predictions. More comprehensive data is available on the RPM International Inc (RPM) Summary page.
