Schweitzer-Mauduit International(NYSE:SWM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $217.30M. Analysts estimated a revenue of $209.50M. Earnings per share were $0.93. Analysts had estimated an EPS of $0.82.
In a different note, Drexel Hamilton said it Initiates Coverage on Schweitzer-Mauduit International, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Buy’ by the firm.
Schweitzer-Mauduit International (SWM) shares turned negative on Fridays trading session with the shares closing down -0.36 points or -0.94% at a volume of 93,156. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.52. The peak price level was also seen at $38.52 while the days lowest was $37.77. Finally the shares closed at $38.02. The 52-week high of the shares is $43.47 while the 52-week low is $29.02. According to the latest information available, the market cap of the company is $1,162 M.
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.