Shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Schweitzer-Mauduit International’s rating score has declined by 100% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price target of $45.00 for the company and are expecting that the company will post $0.66 earnings per share for the current quarter, according to Zacks. Zacks has also given Schweitzer-Mauduit International an industry rank of 166 out of 257 based on the ratings given to related companies.
A number of brokerages have weighed in on SWM. Sidoti set a $56.00 price objective on shares of Schweitzer-Mauduit International and gave the stock a “buy” rating in a research report on Friday, September 14th. Zacks Investment Research downgraded shares of Schweitzer-Mauduit International from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Finally, TheStreet downgraded shares of Schweitzer-Mauduit International from a “b” rating to a “c+” rating in a research report on Thursday, October 18th.
Schweitzer-Mauduit International (NYSE:SWM) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.05). The firm had revenue of $260.30 million during the quarter, compared to analyst estimates of $266.80 million. Schweitzer-Mauduit International had a return on equity of 17.95% and a net margin of 5.83%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. On average, sell-side analysts predict that Schweitzer-Mauduit International will post 3.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Thursday, November 29th. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.43. Schweitzer-Mauduit International’s dividend payout ratio is 55.35%.
In related news, insider Robert J. Cardin sold 3,579 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $31.11, for a total transaction of $111,342.69. Following the completion of the transaction, the insider now owns 12,561 shares in the company, valued at approximately $390,772.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kimberly E. Ritrievi purchased 2,000 shares of Schweitzer-Mauduit International stock in a transaction that occurred on Monday, November 12th. The shares were bought at an average price of $31.09 per share, with a total value of $62,180.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $62,180. The disclosure for this purchase can be found here. 1.84% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new position in shares of Schweitzer-Mauduit International during the 2nd quarter worth about $172,000. Amalgamated Bank acquired a new position in shares of Schweitzer-Mauduit International during the 2nd quarter worth about $200,000. Wedge Capital Management L L P NC acquired a new position in shares of Schweitzer-Mauduit International during the 2nd quarter worth about $209,000. Tower Research Capital LLC TRC raised its position in shares of Schweitzer-Mauduit International by 857.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,013 shares of the company’s stock worth $230,000 after purchasing an additional 5,385 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Schweitzer-Mauduit International by 192.4% during the 3rd quarter. Pacer Advisors Inc. now owns 6,105 shares of the company’s stock worth $234,000 after purchasing an additional 4,017 shares during the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.
Schweitzer-Mauduit International Company Profile
Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.
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