Lydall(NYSE:LDL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $144.192M. Analysts estimated a revenue of $148.220M. The revenues were -2.72% below the estimates. Earnings per share were $0.52. The reported EPS was below estimates by -23.53%. Analysts had estimated an EPS of $0.68.
Lydall (LDL) shares turned negative on Wednesdays trading session with the shares closing down -0.7 points or -1.16% at a volume of 68,732. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $60.334. The peak price level was also seen at $60.334 while the days lowest was $58.9. Finally the shares closed at $59.55. The 52-week high of the shares is $64.85 while the 52-week low is $26.35. According to the latest information available, the market cap of the company is $1,022 M.
Several Insider Transactions has been reported to the SEC. On Dec 21, 2016, Joseph A. Abbruzzi (Pres., Industrial Filtration) sold 5,542 shares at $63.31 per share price.Also, On Dec 15, 2016, James V Laughlan (VP, CAO & Treasurer) sold 5,000 shares at $62.25 per share price.On Dec 15, 2016, William D Gurley (director) sold 624 shares at $63.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Lydall Inc. designs and manufactures specialty engineered non-woven filtration media industrial thermal insulating solutions and thermal and acoustical barriers for filtration or separation and heat abatement and sound dampening applications. The Company’s operates in four segments: Performance Materials Industrial Filtration Thermal/Acoustical Metals and Thermal/Acoustical Fibers. The Performance Materials segment is engaged in the filtration thermal insulation and life sciences filtration businesses. The Industrial Filtration segment is engaged in the Lydall’s industrial non-woven felt media and filter bag business. The Thermal/Acoustical Metals segment is the engaged in the Lydall’s metal parts and related tooling. The Thermal/Acoustical Fibers segment is engaged in the Lydall’s automotive fiber parts business and related tooling business for use in automotive applications. The products are sold to original equipment manufacturers and tier-one suppliers.