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Stock Market & Financial Investment News

News Breaks
April 3, 2014
11:19 EDTSHW, RPM, VAL, PPGRPM hits 52-week high after raising full year profit outlook
Shares of specialty chemical, paint, and coating maker RPM (RPM) are rallying after the company raised its fiscal 2014 profit outlook. WHAT'S NEW: This morning, RPM reported third quarter earnings per share of 12c and revenue of $863.4M, compared to expectations of 9c and $877.67M, respectively. RPM raised its FY14 EPS view to $2.10-$2.15 from $2.05-$2.10, compared to consensus of $2.11. It also forecast FY14 industrial sales growth of 4%-6% and consumer sales growth of 8%-10%. The company cited stronger than anticipated leverage in its industrial segment, resulting from solid performance in Europe and businesses serving U.S. construction markets, as the reason for the improved outlook. PRICE ACTION: In late morning trading, RPM rose $2.03, or 4.8%, to $44.20 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $45.47. Including today's advance, the stock is up approximately 43% over the past twelve months. OTHERS TO WATCH: Other companies in the paint and coatings space include PPG Industries (PPG), Valspar (VAL), and Sherwin Williams (SHW).
News For RPM;PPG;VAL;SHW From The Last 14 Days
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February 24, 2015
07:32 EDTVALValspar reaffirms FY15 adjusted EPS view $4.45-$4.65, consensus $4.59
As a result of the expected impact of a stronger U.S. Dollar, the company is updating its FY15 annual sales guidance to approximately flat sales compared to FY14, from the previous guidance of growth in the low single-digits.
07:32 EDTVALValspar reports Q1 adjusted EPS 85c, consensus 76c
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February 19, 2015
12:32 EDTSHWSherwin-Williams management to meet with Sterne Agee
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February 18, 2015
11:33 EDTSHWSherwin-Williams increases dividend 22% to 67c per share
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