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.
TRADEMARK VIOLATION WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/11/06/lydall-ldl-issues-earnings-results-misses-estimates-by-0-13-eps.html.
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.
See Also: Why is the ex-dividend date different from the record date?
Receive News & Ratings for Lydall Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lydall and related companies with MarketBeat.com's FREE daily email newsletter.