Libbey shares have been given a buy rating, with a 12-month consensus price target of USD 40.00 for the company. Libbey last released its earnings data on 4 November, when the company had revenue of USD 216.00 million for the quarter, compared to the consensus estimate of USD 217.56 million.
Shares of Libbey have reportedly been given a consensus broker rating score of 2.00 (buy) from Zacks, the brokers that provide coverage for the company.
Analysts have set a 12-month consensus price target of USD 40.00 for the company and are predicting that the company will post USD 0.49 EPS for the current quarter, according to Zacks. Zacks has also given Libbey an industry rank of 234 out of 265 based on the ratings given to related companies.
Libbey traded down 0.41% on Friday, hitting USD 34.30. The stock had a trading volume of 17,466 shares. Libbey has a 1-year low of USD 20.91 and a 1-year high of USD 34.49. The stock’s 50-day moving average is USD 32.05 and its 200-day moving average is USD 28.50. The company’s market cap is USD 743.1 million.
Libbey last released its earnings data on 4 November, reporting USD 0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of USD 0.67 by USD 0.05. The company had revenue of USD 216.00 million for the quarter, compared to the consensus estimate of USD 217.56 million. During the same quarter in the prior year, the company posted USD 0.21 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that Libbey will post USD 2.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend of USD 0.11 per share, which will be paid on 3 March to stockholders of record on 3 February. This represents a USD 0.44 dividend on an annualized basis and a yield of 1.28%.
Analysts at Wedbush initiated coverage on shares of Libbey in a research note on 29 January, setting a ‘neutral’ rating and a USD 87.00 price target on the stock.
Libbey is a producer of glass tableware products in five countries in the Western Hemisphere supplying to key markets in over 100 countries throughout the world.