Schweitzer-Mauduit International, Inc. (NYSE:SWM) posted its quarterly earnings data on Tuesday. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.18, Bloomberg Earnings reports. Schweitzer-Mauduit International had a net margin of 8.00% and a return on equity of 18.00%. The company had revenue of $257.80 million for the quarter, compared to analyst estimates of $238.00 million. During the same period in the prior year, the company posted $0.74 EPS. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis.
In other Schweitzer-Mauduit International news, Director Jeffrey Keenan bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of $38.64 per share, for a total transaction of $386,400.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at approximately $966,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.84% of the company’s stock.
Separately, DA Davidson began coverage on shares of Schweitzer-Mauduit International in a research report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price objective on the 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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