Lydall (NYSE:LDL) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Lydall (NYSE:LDL) issued its quarterly earnings results on Tuesday. The auto parts company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03, reports. The company had revenue of $220.80 million during the quarter, compared to analysts’ expectations of $226.97 million. Lydall had a return on equity of 9.51% and a net margin of 3.42%. The business’s quarterly revenue was up 59.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share.

NYSE:LDL traded down $0.46 during trading hours on Friday, reaching $21.88. The stock had a trading volume of 3,111 shares, compared to its average volume of 71,518. The firm has a market capitalization of $356.40 million, a PE ratio of 8.98 and a beta of 1.91. Lydall has a 12-month low of $17.90 and a 12-month high of $46.50. The company has a current ratio of 2.34, a quick ratio of 1.70 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average of $19.77.

In other Lydall news, insider Joseph A. Abbruzzi sold 3,362 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $19.77, for a total transaction of $66,466.74. Following the transaction, the insider now owns 47,020 shares in the company, valued at approximately $929,585.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.85% of the stock is owned by insiders.

Several equities research analysts have recently weighed in on the company. Roth Capital set a $24.00 price target on Lydall and gave the company a “hold” rating in a research note on Thursday, May 2nd. ValuEngine raised Lydall from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, Zacks Investment Research cut Lydall from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Lydall Company Profile

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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Earnings History for Lydall (NYSE:LDL)

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