Media stories about Lydall (NYSE:LDL) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lydall earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 46.5660243750855 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Lydall (LDL) opened at 58.95 on Friday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 24.26 and a beta of 1.73. The company has a 50-day moving average of $55.45 and a 200 day moving average of $51.68. Lydall has a 52-week low of $44.14 and a 52-week high of $64.85.
Lydall (NYSE:LDL) last issued its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.70 by $0.10. The company had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The firm’s revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts anticipate that Lydall will post $2.91 EPS for the current year.
LDL has been the subject of a number of recent analyst reports. ValuEngine cut shares of Lydall from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub cut shares of Lydall from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Roth Capital set a $63.00 price target on shares of Lydall and gave the company a “buy” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Lydall from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Sidoti raised shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Lydall currently has an average rating of “Hold” and an average price target of $62.50.
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In other news, insider Joseph A. Abbruzzi sold 2,795 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $52.72, for a total value of $147,352.40. Following the completion of the transaction, the insider now directly owns 39,685 shares in the company, valued at approximately $2,092,193.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.02% of the stock is currently owned by insiders.
Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.
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