Libbey Inc. (LBY) Set to Announce Quarterly Earnings on Wednesday
Libbey Inc. (NYSE:LBY) will be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.32 per share for the quarter.
Libbey (NYSE:LBY) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.16. The business had revenue of $197.50 million during the quarter, compared to the consensus estimate of $198.29 million. Libbey had a negative return on equity of 2.32% and a negative net margin of 0.42%. Libbey’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. On average, analysts expect Libbey to post $0.30 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.
Libbey Inc. (NYSE:LBY) opened at 9.95 on Wednesday. The company’s market capitalization is $219.04 million. The company’s 50 day moving average price is $8.97 and its 200-day moving average price is $8.85. Libbey Inc. has a 12-month low of $7.33 and a 12-month high of $20.76.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors 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 yield of 4.72%.
A hedge fund recently raised its stake in Libbey stock. The Manufacturers Life Insurance Company grew its stake in shares of Libbey Inc. (NYSE:LBY) by 9.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,180 shares of the company’s stock after purchasing an additional 1,712 shares during the period. The Manufacturers Life Insurance Company owned about 0.09% of Libbey worth $163,000 as of its most recent filing with the SEC.
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Separately, Zacks Investment Research raised Libbey from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th.
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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