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, Briefing.com 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.
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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