Shares of Libbey Inc. (NYSEAMERICAN:LBY) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also given Libbey an industry rank of 228 out of 265 based on the ratings given to its competitors.
Several brokerages recently weighed in on LBY. Zacks Investment Research downgraded Libbey from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. TheStreet downgraded Libbey from a “c-” rating to a “d” rating in a research note on Tuesday, October 31st.
A hedge fund recently bought a new stake in Libbey stock. Royce & Associates LP purchased a new stake in shares of Libbey Inc. (NYSEAMERICAN:LBY) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 240,000 shares of the company’s stock, valued at approximately $2,222,000. Royce & Associates LP owned about 1.09% of Libbey as of its most recent filing with the SEC.
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Shares of Libbey (NYSEAMERICAN:LBY) traded down $0.31 during trading hours on Thursday, hitting $7.22. The stock had a trading volume of 112,100 shares, compared to its average volume of 158,501. Libbey has a twelve month low of $6.12 and a twelve month high of $20.76.
Libbey (NYSEAMERICAN:LBY) last announced its earnings results on Tuesday, October 31st. The company reported ($3.57) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($3.88). Libbey had a negative return on equity of 2.32% and a negative net margin of 0.42%. The business had revenue of $187.30 million for the quarter, compared to analysts’ expectations of $193.74 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 7th will be paid a dividend of $0.117 per share. This represents a $0.47 annualized dividend and a yield of 6.48%. This is an increase from Libbey’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, November 6th. Libbey’s payout ratio is -11.72%.
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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