Schweitzer-Mauduit International (SWM) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.80 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.88. The company posted revenue of $214.60 million in the period, compared to analysts expectations of $217.60 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Many Wall Street Analysts have commented on Schweitzer-Mauduit International. Schweitzer-Mauduit International was Downgraded by Sidoti to ” Neutral” on Feb 18, 2016.
Schweitzer-Mauduit International opened for trading at $34.58 and hit $35.24 on the upside on Monday, eventually ending the session at $35.11, with a gain of 2.09% or 0.72 points. The heightened volatility saw the trading volume jump to 1,81,845 shares. Company has a market cap of $1,072 M.
Schweitzer-Mauduit International Inc. (SWM) is a producer of specialty papers and resin-based products. The Company manufactures and sells specialty papers which are used in manufacturing ventilated cigarettes and banded papers for the production of lower ignition propensity (LIP) cigarettes and producer of reconstituted tobacco leaf (RTL) used in producing blended cigarettes. The Company operates in three segments: Paper Reconstituted Tobacco and Filtration. It also manufactures resin-based plastic netting through an extrusion process as well as certain meltblown products and machined plastic core tubes. It also manufactures and sells thermoplastic nets nonwovens laminates and extruded components. SWM conducts its business in over 90 countries and operate 16 production locations with facilities in the United States United Kingdom Canada France Luxembourg Russia Brazil China and Poland.