Lydall (LDL) Issues Earnings Results, Misses Estimates By $0.13 EPS

Lydall (NYSE:LDL) issued its earnings results on Monday. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.13), Fidelity Earnings reports. Lydall had a net margin of 6.20% and a return on equity of 12.74%. The business had revenue of $197.90 million for the quarter, compared to analysts’ expectations of $197.85 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis.

LDL traded down $5.66 during trading on Tuesday, hitting $27.61. 9,011 shares of the company’s stock traded hands, compared to its average volume of 106,403. The company has a current ratio of 2.82, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. Lydall has a 12-month low of $29.10 and a 12-month high of $56.60. The company has a market cap of $557.54 million, a price-to-earnings ratio of 9.72 and a beta of 1.76.

Several analysts have commented on LDL shares. Zacks Investment Research downgraded Lydall from a “hold” rating to a “sell” rating in a research note on Saturday, August 4th. ValuEngine downgraded Lydall from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. TheStreet downgraded Lydall from a “b-” rating to a “c+” rating in a research note on Tuesday, October 23rd. Finally, Roth Capital set a $53.00 target price on Lydall and gave the company a “buy” rating in a research note on Monday, August 13th.

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About Lydall

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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Earnings History for Lydall (NYSE:LDL)

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