Schweitzer-Mauduit International, Inc. (NYSE:SWM) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a 1-year consensus target price of $46.00 for the company and are anticipating that the company will post $0.96 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Schweitzer-Mauduit International an industry rank of 240 out of 256 based on the ratings given to related companies.
SWM has been the subject of several recent analyst reports. TheStreet upgraded Schweitzer-Mauduit International from a “c” rating to a “b-” rating in a research note on Friday, February 22nd. Zacks Investment Research downgraded Schweitzer-Mauduit International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th.
Schweitzer-Mauduit International (NYSE:SWM) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.10). The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $274.50 million. Schweitzer-Mauduit International had a return on equity of 18.45% and a net margin of 8.81%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS. On average, equities research analysts forecast that Schweitzer-Mauduit International will post 3.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.76 annualized dividend and a yield of 5.63%. Schweitzer-Mauduit International’s payout ratio is 50.57%.
In related news, EVP Michel Fievez sold 20,000 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $39.81, for a total transaction of $796,200.00. Following the completion of the sale, the executive vice president now owns 66,113 shares in the company, valued at approximately $2,631,958.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.89% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Schweitzer-Mauduit International by 0.8% during the 1st quarter. BlackRock Inc. now owns 4,526,624 shares of the company’s stock valued at $175,270,000 after purchasing an additional 35,605 shares during the period. Vanguard Group Inc. boosted its stake in Schweitzer-Mauduit International by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,210,480 shares of the company’s stock valued at $122,994,000 after purchasing an additional 46,751 shares during the period. Dimensional Fund Advisors LP boosted its stake in Schweitzer-Mauduit International by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,698,911 shares of the company’s stock valued at $65,782,000 after purchasing an additional 44,534 shares during the period. Boston Partners boosted its stake in Schweitzer-Mauduit International by 18.8% during the 1st quarter. Boston Partners now owns 1,324,118 shares of the company’s stock valued at $51,270,000 after purchasing an additional 209,830 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Schweitzer-Mauduit International by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 1,253,551 shares of the company’s stock valued at $48,538,000 after purchasing an additional 9,679 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.
About Schweitzer-Mauduit International
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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