Multi-Color (LABL) Given Daily Coverage Optimism Score of 0.10
Media headlines about Multi-Color (NASDAQ:LABL) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Multi-Color earned a news impact score of 0.10 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 46.1300802582762 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Multi-Color (LABL) opened at $74.10 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.96 and a quick ratio of 1.48. The company has a market capitalization of $1,563.71, a P/E ratio of 21.25 and a beta of 0.73. Multi-Color has a 12 month low of $63.05 and a 12 month high of $88.25.
Multi-Color (NASDAQ:LABL) last announced its quarterly earnings results on Tuesday, November 7th. The business services provider reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.05). The company had revenue of $256.03 million during the quarter, compared to analysts’ expectations of $246.61 million. Multi-Color had a return on equity of 15.52% and a net margin of 6.10%. Multi-Color’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. equities analysts predict that Multi-Color will post 3.83 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. Multi-Color’s dividend payout ratio (DPR) is currently 5.90%.
A number of equities analysts recently weighed in on LABL shares. Zacks Investment Research raised Multi-Color from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Tuesday, August 15th. BMO Capital Markets reissued a “hold” rating and set a $88.00 price objective on shares of Multi-Color in a report on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $85.00 price target on shares of Multi-Color in a research note on Thursday, October 12th. Finally, KeyCorp reaffirmed a “sell” rating and issued a $67.00 price target on shares of Multi-Color in a research note on Friday, August 25th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Multi-Color currently has an average rating of “Hold” and an average price target of $82.75.
In other Multi-Color news, Chairman Nigel A. Vinecombe sold 3,081 shares of Multi-Color stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $82.15, for a total value of $253,104.15. Following the transaction, the chairman now directly owns 54,309 shares of the company’s stock, valued at approximately $4,461,484.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nigel A. Vinecombe sold 14,699 shares of Multi-Color stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $82.09, for a total value of $1,206,640.91. Following the completion of the sale, the insider now owns 54,309 shares in the company, valued at $4,458,225.81. The disclosure for this sale can be found here. Insiders sold a total of 38,846 shares of company stock worth $3,188,636 over the last ninety days. Insiders own 19.40% of the company’s stock.
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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