Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Multi-Color Corporation (LABL) Stock Price
Press coverage about Multi-Color Corporation (NASDAQ:LABL) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news 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 Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.3075378591461 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Multi-Color Corporation Plans Quarterly Dividend of $0.05 (LABL) (americanbankingnews.com)
- One of Cincinnati’s largest public companies makes $1 billion acquisition, names next CEO (finance.yahoo.com)
- Multi-Color Corp. – Value Analysis (NASDAQ:LABL) : November 1, 2017 (finance.yahoo.com)
- WENDEL : Constantia Flexibles completes sale of Labels division to Multi-Color (finance.yahoo.com)
- Multi-Color Corporation Completes Constantia Labels Division Acquisition (nasdaq.com)
A number of equities analysts have recently issued reports on LABL shares. BMO Capital Markets reaffirmed a “hold” rating and set a $88.00 price target on shares of Multi-Color Corporation in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Multi-Color Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Robert W. Baird reaffirmed a “hold” rating on shares of Multi-Color Corporation in a research report on Friday, September 1st. Finally, KeyCorp reaffirmed a “sell” rating and set a $67.00 price target on shares of Multi-Color Corporation in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $84.00.
Shares of Multi-Color Corporation (NASDAQ:LABL) traded down $1.05 during mid-day trading on Friday, hitting $80.95. The stock had a trading volume of 56,316 shares, compared to its average volume of 49,722. The firm has a market capitalization of $1.38 billion, a P/E ratio of 23.17 and a beta of 0.77. Multi-Color Corporation has a 1-year low of $63.05 and a 1-year high of $88.25. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.38 and a current ratio of 1.88.
Multi-Color Corporation (NASDAQ:LABL) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.06. Multi-Color Corporation had a return on equity of 15.85% and a net margin of 6.38%. The firm had revenue of $242.40 million for the quarter, compared to the consensus estimate of $242.47 million. During the same period last year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. sell-side analysts forecast that Multi-Color Corporation will post 3.91 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued 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 0.25%. Multi-Color Corporation’s dividend payout ratio is currently 5.76%.
In related news, Chairman Nigel A. Vinecombe sold 3,081 shares of the firm’s stock in a transaction 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 SEC, which is available through the SEC website. Also, insider Nigel A. Vinecombe sold 25,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $80.23, for a total value of $2,005,750.00. Following the completion of the transaction, the insider now directly owns 54,309 shares in the company, valued at $4,357,211.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,846 shares of company stock worth $5,194,386. 19.40% of the stock is owned by insiders.
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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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