Equities Analysts Set Expectations for Matthews International Corporation’s Q1 2018 Earnings (MATW)
Matthews International Corporation (NASDAQ:MATW) – Equities researchers at B. Riley issued their Q1 2018 earnings per share (EPS) estimates for shares of Matthews International Corporation in a report issued on Monday. B. Riley analyst L. Burke anticipates that the company will post earnings of $0.58 per share for the quarter. B. Riley has a “Buy” rating and a $92.00 price objective on the stock. B. Riley also issued estimates for Matthews International Corporation’s Q2 2018 earnings at $0.91 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $1.21 EPS and FY2019 earnings at $4.12 EPS.
Matthews International Corporation (NASDAQ:MATW) last posted its quarterly earnings results on Thursday, November 16th. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Matthews International Corporation had a return on equity of 16.16% and a net margin of 4.83%. The firm had revenue of $396.10 million for the quarter, compared to analyst estimates of $389.67 million. During the same quarter last year, the firm earned $1.08 EPS. The company’s revenue was up 5.1% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Equities Analysts Set Expectations for Matthews International Corporation’s Q1 2018 Earnings (MATW)” was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/equities-analysts-set-expectations-for-matthews-international-corporations-q1-2018-earnings-matw/1719700.html.
Several other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Matthews International Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of Matthews International Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Matthews International Corporation currently has an average rating of “Hold” and a consensus price target of $83.50.
Matthews International Corporation (NASDAQ:MATW) traded up $0.25 during midday trading on Tuesday, reaching $53.70. 165,600 shares of the company’s stock traded hands, compared to its average volume of 92,133. The firm has a market cap of $1,720.39, a PE ratio of 14.97 and a beta of 1.12. The company has a quick ratio of 1.51, a current ratio of 2.13 and a debt-to-equity ratio of 1.19. Matthews International Corporation has a 12 month low of $52.85 and a 12 month high of $77.85.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a $0.19 dividend. This is a boost from Matthews International Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, November 24th. Matthews International Corporation’s payout ratio is currently 30.22%.
Several large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. grew its stake in shares of Matthews International Corporation by 0.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,242 shares of the company’s stock worth $259,000 after purchasing an additional 35 shares during the period. Amalgamated Bank grew its stake in shares of Matthews International Corporation by 2.5% during the 2nd quarter. Amalgamated Bank now owns 4,334 shares of the company’s stock worth $265,000 after purchasing an additional 107 shares during the period. Texas Permanent School Fund grew its stake in Matthews International Corporation by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 23,509 shares of the company’s stock valued at $1,440,000 after acquiring an additional 158 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Matthews International Corporation by 3.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,610 shares of the company’s stock valued at $466,000 after acquiring an additional 270 shares during the last quarter. Finally, Raymond James Trust N.A. grew its stake in Matthews International Corporation by 7.8% in the 2nd quarter. Raymond James Trust N.A. now owns 5,413 shares of the company’s stock valued at $332,000 after acquiring an additional 393 shares during the last quarter. 77.96% of the stock is currently owned by institutional investors and hedge funds.
Matthews International Corporation Company Profile
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
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