Schweitzer-Mauduit International, Inc. (NYSE:SWM) posted its quarterly earnings data on Tuesday. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.18, Bloomberg Earnings reports. The firm had revenue of $257.80 million for the quarter, compared to the consensus estimate of $238.00 million. Schweitzer-Mauduit International had a net margin of 8.00% and a return on equity of 18.00%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS.
Separately, DA Davidson assumed coverage on shares of Schweitzer-Mauduit International in a report on Tuesday, September 26th. They set a “buy” rating and a $47.00 price objective on the stock.
In other Schweitzer-Mauduit International news, Director Jeffrey Keenan acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average cost of $38.64 per share, with a total value of $386,400.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $966,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.84% of the company’s stock.
About Schweitzer-Mauduit International
Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
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