Zacks Investment Research Reaffirms Sell Rating for Schweitzer-Mauduit International (NYSE:SWM)

Schweitzer-Mauduit International (NYSE:SWM)‘s stock had its “sell” rating reaffirmed by Zacks Investment Research in a research report issued on Saturday, Zacks.com reports.

According to Zacks, “Schweitzer-Mauduit International, Inc. (SWM) is a leading global provider of engineered solutions & advanced materials. From their origins as paper-making experts during the Renaissance to their cutting-edge technologies that solve today’s modern business challenges, SWM has consistently demonstrated a forward-looking approach to helping their customers succeed. In recent years, as they focused on expanding their reach beyond fiber-based materials, SWM established & grew its Advanced Materials & Structures platform to include expertise and capabilities in resin-based technologies and materials. As part of this effort, SWM acquired and integrated several global leaders specializing in market-leading netting & high-performance TPU films, including Argotec, Conwed Plastics and DelStar Technologies. SWM also acquired its subsidiary Filtrexx International, a global leader in the research & development of sustainable, compost-based solutions for erosion control and storm water management. “

SWM stock traded up $1.08 during trading on Friday, reaching $33.18. The company had a trading volume of 398,033 shares, compared to its average volume of 187,562. Schweitzer-Mauduit International has a 52 week low of $24.35 and a 52 week high of $44.69. The stock has a market cap of $991.64 million, a P/E ratio of 9.53 and a beta of 1.63. The business’s 50 day moving average price is $32.02. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.97 and a current ratio of 3.08.

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 Zacks’ consensus estimate of $0.78 by ($0.10). Schweitzer-Mauduit International had a return on equity of 18.45% and a net margin of 8.81%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $274.50 million. During the same period in the previous year, the company earned $0.83 earnings per share. Schweitzer-Mauduit International’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts forecast that Schweitzer-Mauduit International will post 3.45 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in SWM. Washington Trust Bank purchased a new stake in Schweitzer-Mauduit International in the first quarter worth about $27,000. AlphaOne Investment Services LLC grew its holdings in Schweitzer-Mauduit International by 61.4% in the fourth quarter. AlphaOne Investment Services LLC now owns 1,743 shares of the company’s stock worth $44,000 after purchasing an additional 663 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in Schweitzer-Mauduit International in the first quarter worth about $57,000. O Shaughnessy Asset Management LLC purchased a new stake in Schweitzer-Mauduit International in the fourth quarter worth about $60,000. Finally, Versant Capital Management Inc grew its holdings in Schweitzer-Mauduit International by 73.9% in the first quarter. Versant Capital Management Inc now owns 1,920 shares of the company’s stock worth $74,000 after purchasing an additional 816 shares during the period. Institutional investors and hedge funds own 90.29% 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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