Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Libbey (LBY) Share Price
Media headlines about Libbey (NYSE:LBY) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Libbey earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.2176431368864 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Separately, Zacks Investment Research upgraded Libbey from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th.
Shares of Libbey (NYSE:LBY) opened at 8.17 on Friday. Libbey has a 12-month low of $7.33 and a 12-month high of $20.76. The firm’s market capitalization is $179.85 million. The stock’s 50 day moving average price is $8.15 and its 200-day moving average price is $10.49.
Libbey (NYSE:LBY) last released its earnings results on Tuesday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. Libbey had a negative net margin of 0.42% and a negative return on equity of 2.32%. The company had revenue of $197.50 million during the quarter, compared to the consensus estimate of $198.29 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. On average, equities analysts expect that Libbey will post $0.30 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Tuesday, August 8th were given a $0.1175 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.47 dividend on an annualized basis and a yield of 5.73%.
Libbey Company Profile
Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.
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