Schweitzer-Mauduit International (SWM) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.93 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.82. The company posted revenue of $217.30 million in the period, compared to analysts expectations of $209.50 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.
Many Wall Street Analysts have commented on Schweitzer-Mauduit International. Schweitzer-Mauduit International was Initiated by Drexel Hamilton to “Buy” on Jun 23, 2016.
Schweitzer-Mauduit International closed down -0.36 points or -0.95% at $37.4 with 92,512 shares getting traded on Tusday. Post opening the session at $37.67, the shares hit an intraday low of $37.28 and an intraday high of $37.84 and the price fluctuated in this range throughout the day.Shares ended Tusday 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.