Zacks: Brokerages Anticipate Libbey, Inc. (LBY) to Announce $0.22 EPS

Wall Street analysts expect Libbey, Inc. (NASDAQ:LBY) to post $0.22 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Libbey’s earnings. Libbey reported earnings per share of ($0.02) in the same quarter last year, which indicates a positive year over year growth rate of 1,200%. The company is scheduled to report its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Libbey will report full year earnings of $0.17 per share for the current year. For the next financial year, analysts forecast that the company will post earnings of $0.56 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Libbey.

Separately, Dougherty & Co upgraded shares of Libbey from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, August 1st.

NASDAQ LBY traded down $0.05 on Wednesday, reaching $6.86. 13,899 shares of the company’s stock traded hands, compared to its average volume of 220,203. Libbey has a 12 month low of $4.60 and a 12 month high of $11.54.

Libbey Company Profile

Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

Further Reading: How analysts view the yield curve

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