Schweitzer-Mauduit International, Inc. (NYSE:SWM) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, SWM is expected to report 3Q20 income of $ 0.74 per share from revenue of $ 258.42 million.
For the full year, analysts anticipate top line of $ 1028.99 million, while looking forward to income of $ 3.61 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.50 ~ $ 3.75 per share
Click Here For More Historical Outlooks Of Schweitzer-Mauduit International, Inc.
Previous Quarter Performance
Schweitzer-Mauduit International, Inc. revealed income for the second quarter of $ 0.90 per share, from the revenue of $ 254.20 million. According to street consensus, SWM was expected to report 2Q20 income of $ 0.71 per share from revenue of $ 260.60 million. The bottom line results beat street analysts by $ 0.19 or 26.76 percent, at the same time, top line results fell short of analysts by $ 6.4 million or 2.46 percent.
Stock Performance
Shares of Schweitzer-Mauduit International, Inc. traded up $ 1.68 or 4.90 percent on Tuesday, reaching $ 35.94 with volume of 208.70 thousand shares. Schweitzer-Mauduit International, Inc. has traded high as $ 36.02 and has cracked $ 34.83 on the downward trend
According to the previous trading day, closing price of $ 35.94, representing a 71.30 % increase from the 52 week low of $ 20.00 and a 26.56 % decrease over the 52 week high of $ 46.65.
The company has a market capital of $ 1.13 billion and is part of the Basic Materials sector and Paper & Paper Products industry.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.44 per share to holders of record as of the close of business on August 21, 2020, with payment date of September 18, 2020 and ex-dividend date on August 20, 2020.
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.
