What to Watch When Lydall Inc. [LDL] Reports Quarterly Earnings

Earnings from Lydall Inc. [LDL] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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LDL Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.19 per share on revenue of $207.3M. Taking a look at the future, the company is projected to report revenue of $211.26M at an earnings per share of $0.3 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 4.80% in revenue and 36.29% in earnings per share for the company.

LDL Stock Earnings Forecast For The Current Year

For the full financial year, Lydall Inc. [NYSE:LDL] is forecasted to generate revenue of $843.53M. The figure is about $79.49 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.24 in 2021, which is $1.26 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 6,300.00% this year, 36.30% next year, and 17.50% annually over the next five years. With regard to sales, forecasts suggest an incline of 10.40% in current fiscal year and 4.80% over following year.

LDL Stock Price Performance

At a recent check today, Lydall Inc. [NYSE:LDL] finished up 2.08% at $33.84. The stock’s day high price was $33.93, and its lowest was $32.96. Its price rose 3.95% in the last five days. Since the beginning of the year, Lydall Inc.’s shares are up nearly 10.39%. However, the share price is -19.54% below its one year high. The top price reached by the shares of the company was $42.06 on 03/01/21, while the 52-week low came on 01/27/21, when the shares were $28.03. In the past year, shares of the company have risen 281.47%. At 50 days, the moving average achieved is $34.77 while at 200 days, the moving average is $26.17. There were 27808.0 shares traded in the last session, down from 79900.0 in the previous session.

Lydall Inc. [NYSE:LDL] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.76 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.57 for the industry, which means LDL offers an attractive investment opportunity than its competitors do.

LDL Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 34.02 level, and the violation of this level will cause a further drop to 32.76 level. At the upper end, 34.70 remains a key resistance. As the stock increases, it may find resistance at 34.32. In the 14-day chart, the Relative Strength Index standing at 52.74 suggests a technical neutral stance while the MACD standing at 1.06 indicates price will increase in the next trading period. Stochastic %K at 74.34% suggests holding the stock while Percent R indicator at 18.28% suggests bullish price movement.

How much is the short interest in Lydall Inc.?

There have been a drop in short interest in the Lydall Inc. Financial stock, with short interest down by 42030.0 shares to 0.48 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.44 million shares. This 8.74% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 2.98% of the overall float in the stock, while the stock’s days to cover moved to 3.17.

How do analysts view Lydall Inc.?

In regard to the share price forecast for Lydall Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $35.00 in the next twelve months, representing almost an 3.31% growth from its recent price of $33.84. Among Lydall Inc. stock projections, $36.00 is the highest analyst target for the stock, while $34.00 is the lowest. Despite this, 2 analysts who share their consensus rating for LDL in 2021 agree that the stock is a Hold. The latest rating change took place on 10/28/20, when Sidoti & Co. Ratings launched coverage of the stock at “Buy” and assigned a price target of $26.0.

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