Multi-Color Corporation (LABL) Getting Somewhat Critical News Coverage, Accern Reports
Media stories about Multi-Color Corporation (NASDAQ:LABL) have been trending somewhat negative on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Multi-Color Corporation earned a coverage optimism score of 0.00 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 48.6466728199902 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Zacks Investment Research Downgrades Multi-Color Corporation (LABL) to Sell (americanbankingnews.com)
- KeyCorp Brokers Cut Earnings Estimates for Multi-Color Corporation (LABL) (americanbankingnews.com)
- Brokers Issue Forecasts for Multi-Color Corporation’s Q3 2018 Earnings (LABL) (americanbankingnews.com)
- Multi-Color misses 2Q profit forecasts (finance.yahoo.com)
- Edited Transcript of LABL earnings conference call or presentation 7-Nov-17 3:00pm GMT (finance.yahoo.com)
Shares of Multi-Color Corporation (LABL) opened at $71.40 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.96 and a quick ratio of 1.38. Multi-Color Corporation has a 52 week low of $63.05 and a 52 week high of $88.25. The firm has a market capitalization of $1,230.00, a price-to-earnings ratio of 20.44 and a beta of 0.77.
Multi-Color Corporation (NASDAQ:LABL) last released its earnings results on Tuesday, November 7th. The business services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.05). Multi-Color Corporation had a return on equity of 15.52% and a net margin of 6.10%. The business had revenue of $256.03 million during the quarter, compared to analysts’ expectations of $246.61 million. During the same quarter in the previous year, the business earned $0.99 EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. sell-side analysts expect that Multi-Color Corporation will post 3.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. Multi-Color Corporation’s payout ratio is 5.88%.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Multi-Color Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BMO Capital Markets restated a “hold” rating and set a $88.00 price target on shares of Multi-Color Corporation in a report on Monday, September 25th. Robert W. Baird restated a “hold” rating on shares of Multi-Color Corporation in a report on Friday, September 1st. Finally, KeyCorp restated a “sell” rating and set a $67.00 price target on shares of Multi-Color Corporation in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Multi-Color Corporation currently has an average rating of “Hold” and a consensus price target of $84.00.
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In other news, insider Nigel A. Vinecombe sold 10,301 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $82.06, for a total transaction of $845,300.06. Following the transaction, the insider now owns 54,309 shares in the company, valued at $4,456,596.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nigel A. Vinecombe sold 25,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $80.23, for a total value of $2,005,750.00. Following the transaction, the insider now owns 54,309 shares in the company, valued at approximately $4,357,211.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,846 shares of company stock worth $5,194,386. Insiders own 19.40% of the company’s stock.
Multi-Color Corporation Company Profile
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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