Libbey (LBY) Getting Somewhat Favorable News Coverage, Study Shows

Media stories about Libbey (NYSE:LBY) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Libbey earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.3909693331527 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Libbey (NYSE LBY) traded down 0.72% during midday trading on Friday, hitting $8.30. The stock had a trading volume of 170,951 shares. The company’s 50 day moving average is $8.14 and its 200 day moving average is $11.08. The company’s market cap is $182.72 million. Libbey has a 1-year low of $7.33 and a 1-year high of $20.76.

Libbey (NYSE:LBY) last announced its earnings results on Tuesday, August 1st. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $198.29 million. During the same period last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities analysts anticipate that Libbey will post $0.30 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Tuesday, August 8th will be issued a dividend of $0.1175 per share. The ex-dividend date is Friday, August 4th. This represents a $0.47 annualized dividend and a dividend yield of 5.66%.

Separately, Zacks Investment Research lowered Libbey from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.

ILLEGAL ACTIVITY NOTICE: “Libbey (LBY) Getting Somewhat Favorable News Coverage, Study Shows” was first posted by BNB Daily and is owned by of BNB Daily. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at

In other news, VP Salvador Minarro acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average cost of $8.43 per share, with a total value of $84,300.00. Following the completion of the purchase, the vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $84,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Libbey

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.

Insider Buying and Selling by Quarter for Libbey (NYSE:LBY)

Receive News & Ratings for Libbey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Libbey Inc. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply