Schweitzer-Mauduit International (SWM) Sets New 12-Month Low Following Weak Earnings

Schweitzer-Mauduit International, Inc. (NYSE:SWM) reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $31.21 and last traded at $31.25, with a volume of 5347 shares trading hands. The stock had previously closed at $32.87.

The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.05). Schweitzer-Mauduit International had a return on equity of 19.06% and a net margin of 4.36%. The firm had revenue of $260.30 million during the quarter, compared to the consensus estimate of $266.80 million. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, November 30th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 5.67%. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, November 29th. Schweitzer-Mauduit International’s dividend payout ratio is presently 54.09%.

A number of equities research analysts have issued reports on SWM shares. Zacks Investment Research raised shares of Schweitzer-Mauduit International from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Sidoti set a $54.00 price objective on shares of Schweitzer-Mauduit International and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Finally, TheStreet downgraded shares of Schweitzer-Mauduit International from a “b” rating to a “c+” rating in a research report on Thursday, October 18th.

Hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. bought a new stake in Schweitzer-Mauduit International in the 2nd quarter worth about $172,000. Amalgamated Bank bought a new position in shares of Schweitzer-Mauduit International during the 2nd quarter valued at approximately $200,000. Wedge Capital Management L L P NC bought a new position in shares of Schweitzer-Mauduit International during the 2nd quarter valued at approximately $209,000. Stone Ridge Asset Management LLC bought a new position in shares of Schweitzer-Mauduit International during the 3rd quarter valued at approximately $241,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Schweitzer-Mauduit International during the 2nd quarter valued at approximately $284,000. 88.93% of the stock is owned by institutional investors and hedge funds.

The stock has a market cap of $991.31 million, a price-to-earnings ratio of 9.77, a P/E/G ratio of 4.77 and a beta of 1.43. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.86 and a current ratio of 2.98.

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About Schweitzer-Mauduit International (NYSE:SWM)

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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