RPM International Droops on Spring Rains, Higher Costs
Consumers and industrial clients alike use products designed to extend the life of their key assets. RPM International (NYSE: RPM) strives to tap into that market with its Rust-Oleum, DAP, and other coatings, sealants, and products covering a wide variety of applications. Over time, the company has done a good job of serving its niche well and producing solid growth.
Coming into Monday's fiscal fourth-quarter financial report, RPM shareholders were looking to see continued modest gains in revenue and net income. A tough spring season hurt RPM's results, leaving it with weaker sales growth and falling earnings. Let's take a closer look at RPM International and what its latest results mean for its prospects going forward.
Image source: RPM International.
Source: Fool.com
RPM International Inc. Stock
Currently there is a rather positive sentiment for RPM International Inc. with 4 Buy predictions and 0 Sell predictions.
With a target price of 116 € there is a slightly positive potential of 10.48% for RPM International Inc. compared to the current price of 105.0 €.
