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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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August 25, 2015
09:59 EDTSHWOn The Fly: Analyst Upgrade Summary
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07:33 EDTVALValspar narrows FY15 adjusted EPS view to $4.55-$4.65 from $4.45-$4.65
Consensus is $4.58. The company expects total fiscal 2015 annual sales to decline in the "mid single-digits" from fiscal 2014, compared to the previous expectation of a "low single-digits" sales decline. Excluding the negative impact of currency translation, fiscal 2015 annual sales are expected to be approximately "flat" compared to fiscal 2014. Revenue consensus is $4.49B.
07:32 EDTVALValspar reports Q3 EPS $1.33, consensus $1.26
Reports Q3 revenue $1.15B, consensus $1.17B.
06:22 EDTSHWSherwin-Williams upgraded to Buy from Neutral at Sterne Agee CRT
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August 24, 2015
15:09 EDTVALNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
August 20, 2015
08:30 EDTPPGPPG Industries to acquire remaining interest in Chemfil Canada JV
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