Libbey VP Daniel P. Ibele Sells 3,480 Shares (LBY)
Libbey (NYSE:LBY) VP Daniel P. Ibele sold 3,480 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $28.00, for a total transaction of $97,440.00. Following the completion of the transaction, the vice president now directly owns 76,344 shares in the company, valued at approximately $2,137,632. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Libbey (NYSE:LBY) traded up 0.22% on Monday, hitting $27.96. The stock had a trading volume of 54,094 shares. Libbey has a one year low of $19.19 and a one year high of $28.00. The stock has a 50-day moving average of $26.30 and a 200-day moving average of $23.67. The company has a market cap of $600.5 million and a P/E ratio of 26.25.
Libbey (NYSE:LBY) last released its earnings data on Thursday, May 1st. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.09 earnings per share. Libbey’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Libbey will post $2.38 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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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