Libbey VP Kenneth A. Boerger Sells 5,000 Shares (LBY)
Libbey (NYSE:LBY) VP Kenneth A. Boerger sold 5,000 shares of the stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $27.80, for a total value of $139,000.00. Following the completion of the transaction, the vice president now directly owns 30,217 shares in the company, valued at approximately $840,033. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Libbey (NYSE:LBY) remained flat at $27.90 during during mid-day trading trading on Friday. 73,126 shares of the company’s stock traded hands. Libbey has a 52-week low of $19.19 and a 52-week high of $28.00. The stock has a 50-day moving average of $26.25 and a 200-day moving average of $23.64. The company has a market cap of $599.2 million and a P/E ratio of 26.25.
Libbey (NYSE:LBY) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.42. The company had revenue of $181.60 million for the quarter, compared to the consensus estimate of $178.70 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts predict that Libbey will post $2.38 earnings per share for the current fiscal year.
A number of research firms have recently commented on LBY. Analysts at Dougherty & Co initiated coverage on shares of Libbey in a research note on Wednesday, May 14th. They set a “buy” rating and a $40.00 price target on the stock. Analysts at TheStreet upgraded shares of Libbey from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th.
Libbey Inc (NYSE:LBY) is a producer of glass tableware products in the Western Hemisphere, in addition to supplying to key markets throughout the world.
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