Xerium Technologies, Inc. (NYSE:XRM) Issues Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Xerium Technologies, Inc. (NYSE:XRM) announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.06, Morningstar.com reports. Xerium Technologies had a negative return on equity of 2.20% and a negative net margin of 6.04%. The firm had revenue of $120.34 million during the quarter.

Shares of Xerium Technologies (NYSE XRM) traded down 0.65% during trading on Friday, hitting $6.11. 21,890 shares of the company were exchanged. The firm’s 50-day moving average price is $6.88 and its 200 day moving average price is $6.43. The firm’s market capitalization is $99.84 million. Xerium Technologies has a 12 month low of $4.68 and a 12 month high of $9.16.

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In related news, insider Mark Staton purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $6.23 per share, with a total value of $62,300.00. Following the acquisition, the insider now owns 20,000 shares in the company, valued at $124,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay J. Gurandiano sold 4,000 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $7.01, for a total transaction of $28,040.00. Following the completion of the sale, the director now directly owns 48,917 shares of the company’s stock, valued at approximately $342,908.17. The disclosure for this sale can be found here. 17.70% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. WealthTrust Axiom LLC raised its stake in shares of Xerium Technologies by 1.4% in the second quarter. WealthTrust Axiom LLC now owns 169,974 shares of the industrial products company’s stock valued at $1,222,000 after buying an additional 2,300 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Xerium Technologies by 1.2% in the second quarter. Vanguard Group Inc. now owns 360,011 shares of the industrial products company’s stock valued at $2,588,000 after buying an additional 4,352 shares during the last quarter. Wolverine Trading LLC raised its stake in shares of Xerium Technologies by 979.8% in the second quarter. Wolverine Trading LLC now owns 18,033 shares of the industrial products company’s stock valued at $130,000 after buying an additional 16,363 shares during the last quarter. TPG Group Holdings SBS Advisors Inc. raised its stake in shares of Xerium Technologies by 1.4% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,436,350 shares of the industrial products company’s stock valued at $10,327,000 after buying an additional 19,391 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Xerium Technologies by 26.2% in the second quarter. Dimensional Fund Advisors LP now owns 182,463 shares of the industrial products company’s stock valued at $1,312,000 after buying an additional 37,886 shares during the last quarter. 64.11% of the stock is owned by institutional investors.

Xerium Technologies Company Profile

Xerium Technologies, Inc (Xerium) is a manufacturer and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Company markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Company operates in two segments: machine clothing and roll covers.

Earnings History for Xerium Technologies (NYSE:XRM)

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