Schweitzer-Mauduit International, Inc. (SWM) Announces Quarterly Earnings Results
Schweitzer-Mauduit International, Inc. (NYSE:SWM) announced its quarterly earnings results on Wednesday. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.18, Bloomberg Earnings reports. The company had revenue of $257.80 million for the quarter, compared to analyst estimates of $238.00 million. Schweitzer-Mauduit International had a net margin of 8.33% and a return on equity of 19.52%. Schweitzer-Mauduit International’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. Schweitzer-Mauduit International updated its FY17 guidance to $3.15 EPS.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Thursday, November 30th. This is a positive change from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is 65.63%.
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Separately, DA Davidson initiated coverage on shares of Schweitzer-Mauduit International in a report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price target on the stock.
In related news, Director Jeffrey Keenan acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average price of $38.64 per share, for a total transaction of $386,400.00. Following the purchase, the director now owns 25,000 shares in the company, valued at $966,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.84% of the stock is currently owned by corporate insiders.
Schweitzer-Mauduit International Company Profile
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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