Matthews International (MATW) Earning Somewhat Favorable Media Coverage, Analysis Finds
Press coverage about Matthews International (NASDAQ:MATW) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Matthews International earned a news impact score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.4365676171401 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Matthews International (NASDAQ:MATW) opened at $53.70 on Monday. Matthews International has a 12-month low of $52.85 and a 12-month high of $77.85. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.49 and a current ratio of 2.09. The company has a market cap of $1,726.40, a price-to-earnings ratio of 15.04 and a beta of 1.08.
Matthews International (NASDAQ:MATW) last released its earnings results on Thursday, November 16th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.03). The firm had revenue of $396.10 million during the quarter, compared to the consensus estimate of $389.67 million. Matthews International had a return on equity of 15.77% and a net margin of 4.83%. Matthews International’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. equities research analysts forecast that Matthews International will post 3.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.42%. The ex-dividend date is Friday, November 24th. This is an increase from Matthews International’s previous quarterly dividend of $0.17. Matthews International’s dividend payout ratio (DPR) is currently 33.78%.
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Matthews International from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. BidaskClub lowered shares of Matthews International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, B. Riley restated a “buy” rating and set a $92.00 target price on shares of Matthews International in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $83.50.
Matthews International 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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