Schweitzer-Mauduit International (SWM) is Initiated by Drexel Hamilton to Buy

Schweitzer-Mauduit International (SWM) was Initiated by Drexel Hamilton to “Buy”. Drexel Hamilton advised their investors in a research report released on Jun 23, 2016.

On the company’s financial health, Schweitzer-Mauduit International reported $0.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.88. The company had revenue of $214.60 million for the quarter, 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.

Schweitzer-Mauduit International closed down -0.39 points or -1.12% at $34.47 with 1,27,212 shares getting traded on Tuesday. Post opening the session at $35.04, the shares hit an intraday low of $34.4 and an intraday high of $35.16 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Schweitzer-Mauduit International

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