Lydall, Inc. (LDL) Announces Quarterly Earnings Results
Lydall, Inc. (NYSE:LDL) announced its quarterly earnings results on Tuesday. The auto parts company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.08), Briefing.com reports. The company had revenue of $180.00 million during the quarter, compared to analysts’ expectations of $172.21 million. Lydall had a return on equity of 17.43% and a net margin of 6.56%. The company’s quarterly revenue was up 15.6% on a year-over-year basis.
Lydall (NYSE:LDL) traded up 0.09% during midday trading on Tuesday, reaching $57.80. 118,564 shares of the company were exchanged. Lydall has a 52 week low of $45.45 and a 52 week high of $64.85. The firm has a 50-day moving average price of $56.82 and a 200-day moving average price of $51.93. The company has a market capitalization of $996.07 million, a PE ratio of 23.79 and a beta of 1.72.
In other Lydall news, insider Joseph A. Abbruzzi sold 2,795 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $52.72, for a total transaction of $147,352.40. Following the completion of the transaction, the insider now owns 39,685 shares in the company, valued at approximately $2,092,193.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.02% of the company’s stock.
Several analysts have recently issued reports on LDL shares. Zacks Investment Research upgraded shares of Lydall from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Roth Capital set a $63.00 price objective on shares of Lydall and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub downgraded shares of Lydall from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Wednesday, September 13th. Finally, ValuEngine downgraded shares of Lydall from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $62.50.
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Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.
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