Analysts Expect Libbey Inc. (LBY) to Announce $0.21 Earnings Per Share
Libbey Inc. (NYSE:LBY) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also assigned Libbey an industry rank of 19 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Libbey from a “sell” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday, October 18th.
Several institutional investors and hedge funds have recently bought and sold shares of LBY. Tudor Investment Corp ET AL purchased a new stake in shares of Libbey during the 2nd quarter worth about $127,000. Voya Investment Management LLC increased its holdings in shares of Libbey by 18.1% during the 2nd quarter. Voya Investment Management LLC now owns 16,424 shares of the company’s stock valued at $132,000 after acquiring an additional 2,522 shares during the last quarter. Algert Global LLC acquired a new position in shares of Libbey during the 2nd quarter valued at about $159,000. The Manufacturers Life Insurance Company increased its holdings in shares of Libbey by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,180 shares of the company’s stock valued at $163,000 after acquiring an additional 1,712 shares during the last quarter. Finally, Thrivent Financial For Lutherans acquired a new position in shares of Libbey during the 2nd quarter valued at about $172,000.
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Shares of Libbey (LBY) traded up 2.79% during mid-day trading on Tuesday, hitting $9.95. The stock had a trading volume of 116,190 shares. The firm’s market cap is $219.04 million. Libbey has a one year low of $7.33 and a one year high of $20.76. The company has a 50-day moving average of $8.97 and a 200 day moving average of $8.85.
Libbey (NYSE:LBY) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.16. Libbey had a negative return on equity of 2.32% and a negative net margin of 0.42%. The company had revenue of $197.50 million during the quarter, compared to the consensus estimate of $198.29 million. During the same period last year, the business earned $0.40 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities research analysts forecast that Libbey will post $0.30 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.1175 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.72%.
Libbey Company Profile
Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.
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