Lydall (NYSE:LDL) Releases Earnings Results, Beats Estimates By $0.50 EPS
Lydall (NYSE:LDL) posted its quarterly earnings data on Tuesday. The auto parts company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.77) by $0.50, MarketWatch Earnings reports. Lydall had a negative net margin of 17.41% and a negative return on equity of 0.28%. The company had revenue of $146.16 million during the quarter.
NYSE:LDL traded down $0.72 during mid-day trading on Friday, hitting $16.01. The stock had a trading volume of 6,268 shares, compared to its average volume of 165,108. Lydall has a twelve month low of $4.79 and a twelve month high of $26.99. The stock has a market cap of $312.59 million, a price-to-earnings ratio of -2.23 and a beta of 2.94. The company’s 50 day simple moving average is $14.24 and its 200 day simple moving average is $13.66. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.64 and a current ratio of 2.19.
Several equities research analysts recently issued reports on LDL shares. ValuEngine downgraded shares of Lydall from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Sidoti raised their target price on shares of Lydall from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th.
Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.
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