AEP Industries Posts Lower Q3 EPS, Sales (NASDAQ:AEPI)


AEP Industries (NASDAQ:AEPI), a manufacturer of plastic packaging films in North America, reported lower profit and sales in its fiscal Q3. Net income decreased to $1.22 per share, for the three months ended July 31, from $1.28 per share, for the year-earlier period. Q3 sales decreased 6% to $283.7 million year-over-year. No analyst estimates were available for comparison.

The stock increased 0.10% or $0.11 on September 13, hitting $109.15. About 78,738 shares traded hands. AEP Industries (NASDAQ:AEPI) has risen 45.54% since February 8, 2016 and is uptrending. It has outperformed by 29.05% the S&P500.

AEP Industries Inc. is a manufacturer of plastic packaging films in North America. The company has a market cap of $562.50 million. The Firm is engaged in the production, manufacture and distribution of polyethylene and polyvinyl chloride flexible plastic packaging products for the food/beverage, industrial and agricultural markets. It has a 14.52 P/E ratio. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, and construction, agriculture and textile industries.

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