Evercore ISI reiterates outperform rating on RPM International stock

Published 03/06/2025, 12:26
Evercore ISI reiterates outperform rating on RPM International stock

On Tuesday, Evercore ISI analysts maintained their Outperform rating and a $145.00 price target on RPM International stock (NYSE: NYSE:RPM). According to InvestingPro data, analyst targets currently range from $94 to $145, with the stock trading at $112.66. The decision comes as RPM International struck a more positive note in recent discussions, following its guidance for the fourth quarter issued shortly after Liberation Day. The company maintains a strong financial position, with an overall "GOOD" Financial Health Score.

The analysts noted that RPM International’s construction segment is showing resilience, with roofing and maintenance activities expected to lead to better-than-flat segment sales. The company is also benefiting from the first significant contributions from the TMPC acquisition. With a strong gross profit margin of 41.09% and a healthy current ratio of 2.22, RPM’s financial foundation supports its growth initiatives. The consumer segment, however, remains a variable, with RPM initially guiding a low single-digit year-over-year sales decline in early April. Since then, comparisons for major retailers have improved for March and April.

A recent correlation analysis by Evercore ISI suggests a 1-2% increase in consumer sales, supported by a one-month contribution from The Pink Stuff, which closed on April 30, adding approximately $15 million or a 2.0% year-over-year increase. Despite cooler weather during the Memorial weekend, which could affect DIY activity, the consumer segment is still expected to show slightly positive growth.

The analysts also anticipate an improvement in fourth-quarter margins, as RPM International addresses under-absorption in performance, prunes low-margin SKUs in the consumer segment, and continues to realize savings. They have raised their fourth-quarter EBIT estimate by $8 million to approximately $295 million, marking a 3% year-over-year increase.

Looking ahead, fiscal year 2026 guidance may play a crucial role. RPM International management appeared comfortable with consensus expectations of low single-digit sales and high single-digit EBIT growth, aligning with last year’s initial guidance. The company has demonstrated strong dividend commitment, having maintained payments for 53 consecutive years and raised dividends for 11 straight years. While tariff risks remain, particularly concerning steel and aluminum levies, the impact of China duties has lessened, providing a more manageable outlook for the company. For deeper insights into RPM’s financial health and growth potential, including exclusive ProTips and comprehensive analysis, visit InvestingPro.

In other recent news, RPM International reported its third-quarter 2025 earnings, which fell short of expectations. The company posted an earnings per share (EPS) of $0.35, missing the forecasted $0.51, and revenue of $1.48 billion, below the anticipated $1.51 billion. Meanwhile, Citi initiated coverage of RPM International with a Buy rating and a price target of $135, citing potential growth opportunities and a favorable risk/reward profile. In contrast, UBS adjusted its price target for RPM International to $113, down from $129, maintaining a Neutral rating and highlighting concerns about the company’s outlook amidst weather and inventory challenges. Additionally, BofA Securities reduced its price target for the company to $94 from $117, maintaining an Underperform rating due to anticipated slowdowns in the construction and repair markets. Despite these challenges, RPM International remains focused on strategic acquisitions and operational improvements as part of its MAP 2025 initiative. The company also faces raw material inflation pressures, which it plans to address through cost management and efficiency initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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